Empowering agriculture with digital intelligence supporting China and influencing the world

Is the increase in agricultural product prices a shortage of supply?

Price changes are a signal in reflecting the supply-demand relationship. But is the rise in agricultural product prices really a shortage of supply? The answer is: not necessarily. Nowadays, agricultural production is closely related to industry. With the continuous increase in agricultural production costs such as water, electricity, natural gas, pesticides, fertilizers, etc., the prices of agricultural products will naturally rise.

In addition, with the improvement of local residents' living standards, the regionalization of agricultural production such as "one village, one product", "one town, one product", and even "one county, one product" has greatly promoted the development of agricultural product sales, logistics industry, and so on.

We can not only buy agricultural products supplied by the suburbs of this city, but also eat products from all over the country, even imported ones. The additional transportation costs will also drive up the prices of agricultural products. At the same time, the prices of agricultural products directly affect the income of farmers, and the abnormal fluctuations and unstable factors of agricultural product prices can also cause many problems in the development of agriculture in China, such as farmers following the trend in planting and imbalanced supply and demand.

Therefore, accurate prediction of agricultural product prices is particularly important.

How can small production connect with the big market?

Jiangsu Three&Three, a big data platform for agricultural product price trends, has developed advanced tools for managing abnormal fluctuations in agricultural product prices.

Firstly, authoritative data supports market decisions.

Establish a sound database of major cash crops to support market decision-making, assist government departments in regulating supply and demand relationships, and help producers coordinate production and sales relationships. Governments at all levels and producers can guide farmers to scientifically plant agricultural products that meet market needs and are suitable for sale based on data.



Secondly, monitoring and warning should guide production expectations.

By conducting specialized analysis and judgment of the production and sales situation, monitoring price trends, and assisting government departments in dealing with the lack of means to deal with sudden fluctuations, unsold products, and difficult sales, we can guide market expectations and production intentions by issuing warning signals for price fluctuations.

农产品价格监测

Thirdly, adjust production to ensure a balance between supply and demand.

Analyze and evaluate the price risks of agricultural products, use the invisible hand of the market to timely grasp production, stabilize production and sales balance, thereby protecting farmers' enthusiasm and stabilizing production capacity.

Fourthly, production and sales recommendations should be integrated with farmer services.

The small production of thousands of households connects with the ever-changing big market. Providing sales and procurement route recommendations for agricultural products is beneficial for enhancing producers' ability to obtain information, direct sales and distribution, and procurement production.

Jiangsu Three&Three takes big data as the axis, technology as the wheel, and has strong research and development capabilities. It fully applies advanced agricultural big data technology, making big data on agricultural product prices and market trends at the forefront of "research and development".

We hope to use more accurate market data to support government decision-making and early warning, thereby reducing farmers' market reaction behavior, strengthening market risk monitoring and response capabilities, and ensuring the stable operation of China's agricultural product market.