"Complementing the 'price representativeness' of apples and pears in Garak Market is necessary"

Published Dec 23, 2025

Tridge summary

[Korean Farmers and Fishermen Newspaper, Reporter U Jeong-soo] There is a suggestion that the Garak Wholesale Market for agricultural and marine products, which has seen a decrease in the trading volume of apples and pears, needs a supplement to its price representativeness. The opinion presented is that while using the Garak market prices as the standard price, the average prices of other wholesale markets with high trading volumes of apples and pears and the prices from major production areas should be used as supplementary indicators to mitigate the possibility of price distortion. This is the result of a survey conducted by the Korean Fruit Farmers Association Federation, the Korean Apple Association, and the Korean Pear Association, which commissioned the Korea Rural Economic Institute to check the representativeness of the apple and pear price system.

Original content

The proportion of apple transactions in Garak Market in 2023 fell below 10%, weakening its 'representativeness' The proportion of Andong Market reached 49.3% Pears increased slightly to 23% but wholesale and retail prices showed different trends at some times Utilizing average prices of markets with high transaction volumes The need for introducing a linked base index Demand for reflecting the weight of Fuji-lineage There is a need for improvements in the price representativeness of the Garakdong Wholesale Market for agricultural products, where the transaction volume of apples and pears has decreased. It was suggested that while using Garak Market prices as the base price, they should be used in conjunction with the average prices of other wholesale markets with high transaction volumes of apples and pears and major producing area prices as auxiliary indices to mitigate the possibility of price representativeness distortion. This is the result of a 'Survey on the Status of ...

Source: Agrinet