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Local and Regional Procurement Learning Alliance Technical Guidance Sheet: Collecting Price Data December 2010 DRAFT Erin C. Lentz1, Cornell UniversityCopyright: December 2010: Local and Regional
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Market prices and food information is essential for various stakeholders:
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Market prices refer to the current prices at which food products are bought and sold in the marketplace. They reflect the supply and demand dynamics for food items.
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To fill out market prices and food reports, businesses need to collect data on the prices of food products sold during a specific period and report this information according to the prescribed format provided by regulatory agencies.
The purpose of reporting market prices and food is to ensure transparency in the food market, monitor price fluctuations, and aid in policy-making and economic analysis.
Reports on market prices and food must include details such as product descriptions, quantities sold, prices per unit, and the dates of transactions.
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