A terminal market is a central site, often in a metropolitan area

Metropolitan area

The term metropolitan area refers to a region consisting of a densely populated urban core and its less-populated surrounding territories, sharing industry, infrastructure, and housing. A metropolitan area usually encompasses multiple jurisdictions and municipalities: neighborhoods, townships,...

, that serves as an assembly
and trading place for commodities. Terminal markets for agricultural

Agriculture

Agriculture is the cultivation of animals, plants, fungi and other life forms for food, fiber, and other products used to sustain life. Agriculture was the key implement in the rise of sedentary human civilization, whereby farming of domesticated species created food surpluses that nurtured the...

 commodities are usually at or near major transportation hub

Transportation hub

A transport hub is a place where passengers and cargo are exchanged between vehicles or between transport modes. Public transport hubs include train stations, rapid transit stations, bus stops, tram stop, airports and ferry slips. Freight hubs include classification yards, seaports and truck...

s. One of the models of Terminal Market is Hub-and-Spoke model wherein Terminal Market is the hub which is to be linked to number of collection centres -the spokes.(reference: www.agricoop.nic.in/rabi06/JS(MKTG).ppt)
The term is also used for markets in other commodities such as metal

Metal

A metal , is an element, compound, or alloy that is a good conductor of both electricity and heat. Metals are usually malleable and shiny, that is they reflect most of incident light...

s and bullion.

List of Terminal Markets (Fresh Produce)

- Hunt's Point Market (Bronx, NY)
- New England Produce Center (Chelsea, MA)
- Providence Terminal Produce Market (Providence, RI)