Market Price Support

Market Price Support refers to policies or measures that help maintain or elevate the selling price of a particular good, often to protect producers' incomes. This can involve government interventions like setting minimum prices, buying excess supply, or providing subsidies, ensuring prices stay above certain levels. The goal is to stabilize markets, support farmers or producers, and prevent prices from falling too low due to market fluctuations or oversupply. Essentially, it creates a financial safety net for producers by encouraging prices to remain at sustainable levels.