Shipping Point Report vs Terminal Report

Shipping Point

This refers to the point (location) of production or port of entry from which the produce is originally shipped. The shipping point is included in a geographical area often referred to in Market News reports as a “district” in which several shippers are located. Market reporters gather information on shipping point sales primarily through telephone interviews with sellers and buyers. Shipping point reporters also collect information on the volume of product sold and this is shown in shipment or movement reports.

For shipping Point price reports, the following conditions apply:

“Prices represent open (spot) market sales by first handlers on product of generally good quality and condition unless otherwise stated and may include promotional allowances or other incentives. No consideration is given to after-sale adjustments unless otherwise stated. Reported prices generally include, but are not limited to, applicable brokerage fees and commissions, Customs fees and duties, U.S. packaging and U.S. freight costs prior to first sale, paid by the shipper/seller. Delivered Sales, Shipping Point Basis excludes all charges for freight after sale.”

Terminal (WholeSale) Market

This term refers to a physical location in a metropolitan area where produce is sold by wholesalers to retailers or other large users in wholesale lots. Market reporters gather information on terminal markets sales primarily through personal interviews with sellers and buyers.

For terminal market price reports, the following conditions apply:

“Unless otherwise stated prices below cover sales by first receivers of available supplies to 9:00 a.m. on this morning’s wholesale terminal market. Sales are made from wholesale lots of stock of generally good merchantable quality and condition unless otherwise stated.”