Residual supplier:

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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Information and definitions of the terms been taken from various reliable government publications and we have done our best to verify their accuracy. If you feel any of the definitions are incorrect or needs to be updated please contact us and we will look into it.

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