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

  1. ^  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.
  2. ^ "HMRC Notice 701/9 (March 2002) Derivatives and terminal markets". March 2002. http://customs.hmrc.gov.uk/channelsPortalWebApp/channelsPortalWebApp.portal?_nfpb=true&_pageLabel=pageVAT_ShowContent&propertyType=document&id=HMCE_CL_000198#P201_23753.