Title: Which factors contribute to price decreases in the agricultural market?
Headings: Which factors contribute to price decreases in the agricultural market?
Which factors contribute to price decreases in the agricultural market?
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Content: Improved practices based upon studies to be conducted under the project as well conducted elsewhere, would be introduced into the local production system. Quality control system would be established for the feed, biologics and medicine as recommended under local and international laws. Analytical methods would be developed to predict the safety and quality of food products. Non-destructive spectrophotometric measurements will be developed to predict the quality and safety of food products. The relevant agencies would be advised on practical and legal impact of food safety regulations including product liability, commercial law and intellectual property. Economic evaluation of the enterprises would be made to assess the feasibility of the improved production system for employment generation. Cite
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12th Dec, 2012
Derek Brewin
University of Manitoba
I agree that increased productivity through innovation is the main driver of lower prices (not that we have seen very low prices lately). Free trade can lower prices if the country is a net importer at world prices or increase prices if the region is a net exporter. Free trade just reflects a larger demand. Falling demand due to improved substitutes or cheaper options is another factor.