ADJUSTED REFERENCE PRICE

Benchmark price measured at the point of competition or farm gate level after adjustment for respective access costs. It is derived using the data as defined in the adjusted domain. It reflects the maximum price that could be obtained if trade and market policies, excessive access costs within the domestic commodity value chain, international market distortions were removed; the country would follow a non-distortive exchange rate policy and overall market performance in the country enhanced. It is derived using adjusted data and can be calculated at the point of competition and at the farm gate.