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Discover Ludwig"minimum price" is a correct and usable phrase in written English.
It refers to the lowest possible price for something. Example: The store has a minimum price of $10 for all of its products.
Exact(60)
The minimum price tops $1 million.
That is the minimum price he should have to pay".
The minimum price is about pounds 20,000.
(A reserve is the minimum price the seller will accept).
Unlike Fairtrade, however, it does not guarantee a minimum price.
But a high minimum price will have an odd effect.
This could involve a minimum price for booze.
A minimum price was set for alcohol, to curb binge-drinking.
However, the Rainforest Alliance also does not guarantee a minimum price for suppliers.
A reserve is the secret minimum price agreed upon by the seller and the auction house.
But the group may privately discuss the minimum price it will choose to defend.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com