### Question
How does the law define daily price?


### Answer
Under *19 U.S.C. § 3358*, **daily price** is defined as:

> the daily closing price of the New York Cotton Exchange, or any successor as determined by the Secretary, for the closest month in which contracts for frozen concentrated orange juice are being traded on the Exchange

#### Citation:
  - *19 U.S.C. § 3358*
  - Heading: **CHAPTER 21-NORTH AMERICAN FREE TRADE > SUBCHAPTER III-APPLICATION OF AGREEMENT TO SECTORS AND SERVICES > Part A-Safeguards > subpart 1-relief from imports benefiting from agreement**

