It is predicted that the retail price of leek onions, which is on the rise, will peak and fall within a week or two. It is expected that prices will stabilize as the weather clears and imports come out. It is predicted that the prices of both leek onions will drop by 20-30% in one month and to 40% in two months.
According to’Palm Air Hankyung’, an artificial intelligence (AI)-based price prediction system developed by Farm Air, an agricultural product price analysis and prediction company on the 7th, and the Korea Economic Daily, the price of green onions in the nationwide wholesale market peaked at 5492 won per kg on the 23rd of last month. It is taking and is falling. Farm Air Hankyung analyzes and predicts agricultural product prices in kilograms based on price trends of 22 items sold in the nationwide wholesale market, historical production data, import and export information, exchange rate and weather information.
Last week, the price of green onions was close to 7,000 won per unit at a hypermarket. In small and medium-sized marts and markets, there were places that exceeded 8,000 won. Compared to the 2000 won range in the same period last year, it has increased 3 to 4 times. A Palm Air official said, “The price of green onions peaked on the 23rd of last month in the wholesale market (5492 won) and has fallen below 5,000 won.” “In the retail market, the price will start to fall in earnest from the middle of this month and at the end of this month at the latest. I said.
The’Palm Air·Hankyung Korea Agricultural Product Price Index (KAPI)’, which calculates the transaction prices of 22 items in the nationwide wholesale market in real time, also rose right after the Lunar New Year holiday, but dropped 20.9% after a month to 140, two months. It is predicted that it will record 133, a 24.8% drop in the future.
Reporter Bora Kim/Jongpil Park [email protected]
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