Indicative Price

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Indicative Price

Summary of Indicative Price

Also known as the norm price, the Target Price (read this and related legal terms for further details) for producers of olive oil under the common agricultural policy (read this and related legal terms for further details) of the European Economic Community. The indicative price is established at a level substantially below the market target price for olive oil; the object of the disparity between the indicative price and the target price is to reflect the competition between olive oil and its substitutes.

(Main Author: William J. Miller)

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