What does a wholesale price quote mean?
A quote is the lowest and the highest price recorded on a market on a given day for one product, variety, grade, origin and pack, in the market’s own currency and unit.
A range such as 1.20–1.55 EUR/kg means that during the trading day the product changed hands at prices between these two values. When a market publishes a single price, the lowest and highest are the same.
The details in the name matter: variety, grade (for example class I), size, origin and pack. A quote for class I apples in a 1-layer tray is a different product from bulk apples for processing, so compare quotes only when they describe the same thing.
For comparisons and indices Husfarm uses the midpoint of the lowest and highest price, but every page shows the range exactly as the market published it.
Other questions
- What is a wholesale market?
- What is the difference between wholesale and retail prices?
- How does Husfarm convert prices to euros per kilogram?
- Why do prices of the same product differ between markets?
- What affects fruit and vegetable prices?
- What do grades and classes mean in produce prices?
- What is the difference between farm-gate, wholesale and export prices?
- How often do markets publish prices?
- Why does Husfarm use the median price?
- How should I read FAOSTAT production data?
- Why do world exports and imports not match?
- How can farmers use wholesale prices?