TeachMeFinance.com - explain Residual supplier
Residual supplier The term 'Residual supplier ' as it applies to the area of agriculture can be defined as ' A country that supplies the world market only after importers have met their initial needs from preferred suppliers. A residual supplier is not initially competitive because of higher prices or lower quality. The United States used to be considered a residual supplier of grains because its commodity support programs kept U.S. grain prices higher than those of competing exporters'.
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