TeachMeFinance.com - explain High value products (HVP)
High value products (HVP) The term 'High value products (HVP) ' as it applies to the area of agriculture can be defined as ' Agricultural products that are high in value, often but not necessarily due to processing. HVPs can be divided into three groups: 1) semi-processed products, such as fresh and frozen meats, flour, vegetable oils, roasted coffee, refined sugar; 2) highly processed products that are ready for the consumer, such as milk, cheese, wine, breakfast cereals; and 3) high-value unprocessed products that are also often consumer-ready, such as fresh and dried fruits and vegetables, eggs, and nuts. In recent years HVPs have accounted for a greater percentage than bulk commodities in total value of U.S. agricultural exports'.
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