Definition of Usual market requirements (UMR)

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TeachMeFinance.com - explain Usual market requirements (UMR)



Usual market requirements (UMR)

The term 'Usual market requirements (UMR) ' as it applies to the area of agriculture can be defined as ' A measure of the import requirement of a country met through commercial purchases; usually defined as a five-year average. The UMR is used to determine whether concessional sales (e.g., under Title I of P.L. 480) will adversely affect normal commercial agricultural trade'.

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