By the middle of 2016, LPG spot prices have fallen below crude oil parity price in terms of heat content ( one barrel crude oil is equal to 123.5 kg of LPG ) due to LPG glut in the market
12.
All together, consumers would pay lower prices for farm products, resources would not be wasted producing food simply for storage, and farmers would benefit by receiving the parity price while producing the quantity demanded at the market price for the surplus.
13.
A simpler definition is used by the UN World Food Program : " The import parity price ( IPP ) is the price at the border of a good that is imported, which includes international transport costs and tariffs ".
14.
The USAID Market and Trade Glossary definition is : " " Import parity price ( IPP ) is the monetary value of a unit of product bought from a foreign country, valued at a geographic location of interest in the importing country " ".
15.
Further, farmer organizations not previously selling collectively sold another US $ 60 million worth of quality food to buyers beyond WFP . Almost all P4P contracts were below import parity prices, therefore respecting WFP s principle of cost-efficient procurement and realizing cost savings relative to importation.
16.
This 3-year farm bill replaced some of the more restrictive and mandatory features of previous law ( acreage allotments, planting restrictions, and marketing quotas ) with voluntary annual cropland set-asides and marketing certificate payments to achieve parity prices ( the precursor to target prices and deficiency payments ).
