### Question
Can you define what daily price means?


### Answer
**Daily price** is defined as the following in *19 U.S.C. § 3358*:

> 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**

