Terminal market explained
A terminal market is a central site, often in a metropolitan area, that serves as an assemblyand trading place for commodities. Terminal markets for agricultural commodities are usually at or near major transportation hubs. One of the models of a Terminal Market is a Hub-and-Spoke model wherein the Terminal Market is the hub which is to be linked to a number of collection centers - the spokes.[1]
The term is also used for markets in other commodities such as metals and bullion.[2]
List of terminal markets (fresh produce)
California
- Alemany Farmers' Market[3] – San Francisco, CA
- Ferry Plaza Farmers Market & Ferry Building Marketplace – San Francisco, CA
Los Angeles
Florida
- Yellow Green Farmers Market (2010–present) — Hollywood, FL
Georgia
Illinois
Chicago
Indiana
Louisiana
Maryland
Baltimore
Massachusetts
Michigan
Missouri
Montana
New York (state)
New York City
Ohio
Oregon
Portland
Pennsylvania
Rhode island
- Providence Terminal Produce Market - Providence, RI
South Carolina
Tennessee
Texas
Virginia
- City Market – Petersburg, VA. Built in 1878–79 and listed on the National Register of Historic Places
Washington (state)
Washington, D.C.
Wisconsin
Notes and References
- Web site: Operational Guidelines for Setting Up of Terminal Market Complex . pdf . July 2009 . Ministry of Agriculture, Government of India .
- Web site: HMRC Notice 701/9 Derivatives and terminal markets . March 2002.
- Web site: Alemany Farmers' Market - Real Estate Division. 25 December 2016.