Terminal market
A terminal market is a central site, often in a metropolitan area, that serves as an assembly and trading place for commodities. Terminal markets for agricultural commodities are usually at or near major transportation hubs.[1] One of the models of Terminal Market is Hub-and-Spoke model wherein Terminal Market is the hub which is to be linked to number of collection centres -the spokes.(reference: www.agricoop.nic.in/rabi06/JS(MKTG).ppt)
The term is also used for markets in other commodities such as metals and bullion.[2]
List of terminal markets (fresh produce)
- Hunt's Point Market (Bronx, NY)
- New England Produce Center (Chelsea, MA)
- Providence Terminal Produce Market (Providence, RI)
- Chicago International Produce Market (Chicago, IL)
References
- ^
This article incorporates public domain material from Jasper Womach. Report for Congress: Agriculture: A Glossary of Terms, Programs, and Laws, 2005 Edition (PDF). Congressional Research Service.
- ^ "HMRC Notice 701/9 (March 2002) Derivatives and terminal markets". March 2002.
 | This economics-related article is a stub. You can help Wikipedia by expanding it. |