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support price

American  

noun

  1. the price at which the government will purchase commodities, especially farm produce, in order to maintain a certain price level.


Etymology

Origin of support price

First recorded in 1940–45

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

A sustained disruption to shipping through Hormuz would further tighten regional supply and support price premiums, particularly given relatively lean inventories, analysts at the firm said.

From The Wall Street Journal • Apr. 13, 2026

The moves came after a Thursday report from Reuters suggesting that the federal government wouldn’t support price floors for critical minerals—a reversal from prior policy.

From Barron's • Jan. 29, 2026

The farmers say guaranteed minimum support price for all 23 crops would stabilize their income.

From Seattle Times • Feb. 21, 2024

Farmers are asking for guaranteed floor prices - also known as minimum support price or MSP - which allows them to sell most of their produce at government-controlled wholesale markets, or mandis.

From BBC • Feb. 14, 2024

It added that, as a result, it had “decided to implement a strong monetary tightening to support price stability.”

From New York Times • Sep. 13, 2018

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