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Diesel prices, which the company increased in May, were 15% below international markets, while gasoline prices were more than 20% lower than the import parity price.

Just to take a couple of commodities for illustration purposes, according to the National Agriculture Statistics Service, the parity price for 100 pounds of milk in May 2019 would be $52.80, a bushel of corn would be $13.20.

‘Parity’ Price Under President Harry S. Truman’s farm policy, the government bought supplies of a product until its price reached “parity” with the cost immediately before World War I. Adjusted for a century of inflation, the Agriculture Department’s milk-support price today would be $39.08 per hundred pounds, more than double the dairy futures price of $18.60 at 8:34 a.m. in New York today.

The CCC could be authorized to sell it below the parity price�at a loss of millions of dollars.

They want assurances that the U.S. will grant more loans and technical aid. quit complaining about high coffee prices, promise to hold down tariffs, give them some sort of parity price program for their raw materials.