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)
References
- ↑
This article incorporates public domain material from the Congressional Research Service document "Report for Congress: Agriculture: A Glossary of Terms, Programs, and Laws, 2005 Edition" by Jasper Womach.
- ↑ "HMRC Notice 701/9 (March 2002) Derivatives and terminal markets". March 2002.
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