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The monetary value of a product sold at a specific location in a foreign country, but valued from a specific location in the exporting country.
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Farm Gate
At or near the farm or location of production. Usually, but not always, the place where a commodity is first exchanged. Farmers can also bring their produce to assembly, wholesale and even retail markets.
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Farm Gate Price
The price that the farmer or producer receives at the farm or location of production. It is the price of the product available at the farm, excluding any marketing costs or transport and delivery charges.
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Food Balance Sheet (FBS)
Presents a comprehensive picture of the pattern of a country's food supply during a specified reference period. A food balance sheet shows the sources of supply and utilization for each food item.
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Food Item
Each primary commodity and a number of processed commodities potentially available for human consumption.
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Food Price Index
A price index where only food items appearing in the consumer basket are included in the calculation of the index.
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Foreign Exchange Premium (FXP)
The percentage that the Official Exchange Rate (OER) overvalues the local currency.
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Formal Trade
Typically large quantities transported by road, rail or ship which are inspected, taxed and reported in official statistics. Formal trade is typical legal trade.
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Free on Board (FOB)
The price of a commodity loaded on board a carrier at the port of exit.