Anyone know what base price actually means? (Little Upsilon)

It was my understanding that base price is what the price of that good was without supply and demand figures factored, and quality. In other words the lowest the price could ever go. But I was wrong, Wheat on LU is now lower then the base price, so can anyone tell me what base price means?

You actually had it right in your first sentence. THEN you got confused.

Base price is indeed the price without supply, demand, and Q. However your confusion stems from the fact that it IS possible for a prolonged surplus market to push market price below base price.

Think of base price as the fulcrum of a see-saw upon which the supply/demand market pricing fluctuates.

Fair enough so its irrelevant then. Probably only used for the in game calculations.

And I thought it was the price at which you could at least break even when your product sold at that price, without quality, efficiency @ taxes taken into account and salary only at 100.