• Title/Summary/Keyword: Agricultural commodity

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Lead-lag Relationship between the Shipping Freight Rate and Agricultural Commodity Import Price in Korea

  • Ha, Jae-Young;Shin, Youngran
    • Journal of Navigation and Port Research
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    • v.45 no.2
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    • pp.69-74
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    • 2021
  • This study aims to investigate the lead-lag relationship between the agricultural produce import price in Korea and the corresponding shipping freight rate. Since the Korean economy has pursued an export-driven growth strategy, mainly based on the manufacturing sector, the country has to depend on the vast majority of its agricultural produce consumption after import from foreign countries. Moreover, compared with other high-value products, transportation cost occupies a substantial share of the agricultural commodity price, resulting in changes in the shipping freight rate being a pivotal determinant of agricultural produce import. In this respect, this study explores the possible association between agricultural produce import in Korea and shipping freight rate and the lead-lag relationship. Using a monthly dataset of agricultural produce import prices and freight rates for Handysize and Panamax dry-bulkers for the period between January 2010 and November 2020, this study determines that the shipping freight rate, in general, leads the agricultural commodity price.

Analysis on the Factors of Structural Changes and Prospects for Agricultural Land Use in Gyeongsangnam-do (경남 농경지 이용구조 변화요인 분석과 전망)

  • Choi, Se-Hyun;Cho, Jae-Hwan;Gim, Uhn-Soon
    • Journal of agriculture & life science
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    • v.46 no.6
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    • pp.173-184
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    • 2012
  • The objectives of this study are to analyze the factors affecting the structural changes of agricultural land use in Gyeongsangnam-do and to prospect for its future use. Seven commodity groups are categorized to include all agricultural products: rice, summer food crops, summer vegetables and other cash crops, fruits, barley, winter field vegetables, and winter greenhouse vegetables. We developed a model for acreage distribution among the seven commodity groups, and estimated the economic relations between prices and acreage distribution. The results showed positive relations exist between cultivating acreage and own commodity prices in all commodity groups, whereas competitive relations exist between summer commodity groups or winter commodity groups such that rice price decreases led to increases of fruits cultivating acreage or vice versa and winter vegetable price increases led to increases of winter greenhouse vegetables cultivating acreage or vice versa. Further, acreage elasticities with respect to own commodity prices or farm wage rates are estimated over the last 30 years, and future agricultural land use in Gyeongsangnam-do is prospected based on three different scenarios. Total agricultural land use in Gyeongsangnam-do will be decreased over the next 10 years from 159,000 ha in year 2010 to 143,000~153,000 ha in year 2020. By commodity group, cultivating acreage of rice, summer food crops, and barley will be decreased while cultivating acreage of summer vegetables, fruits, winter field vegetables, and winter greenhouse vegetables will be stagnant.

The Dynamics of Agricultural Commodities and Their Responses to Disruptions of Considerable Magnitude

  • Conrad Stephen H.
    • Korean System Dynamics Review
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    • v.6 no.1
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    • pp.17-32
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    • 2005
  • An agricultural commodity production cycle model consisting of corn, beef, and dairy sectors was constructed for the purpose of exploring the propagating effects of large-scale disruptive events. In an initial proof-of-concept exercise, we considered an agricultural disruption scenario in which foot-and-mouth disease (FMD) is introduced into the U.S., causing a large-scale outbreak of the disease in both beef and dairy cattle. The magnitude of disruption to the beef and dairy sectors are presented under the existing W response policy and then improvements under two alternative policies are shown.

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Prospects and Problems in the Study of Geography related to the Concept of Commodity, Transport, and Supply Chains (상품.교통.공급사슬개념과 관련된 지리학의 연구와 과제)

  • Han, Ju-Seong
    • Journal of the Korean Geographical Society
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    • v.44 no.6
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    • pp.723-744
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    • 2009
  • The purpose of this paper is to clarify the prospects and problems in the study of geography related to the concept of commodity, transport, and supply chains. The geography studies related to commodity chains are expanded to each field of industry focusing on the subjects and economic difference which lead the commodity chain in core and periphery regions. These vertical connection are studied with the political economy approach that gives attention to geographical pattern of agricultural products and foods. But in viewpoint of commodity circuit and commodity network, the culture or subjects of micro regions and interaction are also studied. The contents of these study are to clarify the importance of cultural turn and local. And the study of chain standpoint appears that the series of transport process by transportation modes can be understood by transport chains and the physical distribution process of sea freight is to be grasped by supply chains.

Audio Guidance Application For Commodity Prices Using Public Data And AI Chatbot (공공데이터와 AI챗봇을 이용한 물가 음성안내 앱 서비스)

  • Lee, Jae-Seon;Kang, Kyeong-Don;Park, Tae-Yok;Jung, Deok-Gil
    • Proceedings of the Korean Institute of Information and Commucation Sciences Conference
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    • 2018.05a
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    • pp.251-253
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    • 2018
  • As the prices of agricultural, fishery, and dairy products have been fluctuating due to recent instability on commodity prices, so consumers have been more inclined to make purchase without specific criteria by relying on marketing or their personal experiences and senses of market. The core function of this application is precisely and conveniently telling the consumption index to consumers who are waved by unstable commodity prices by helping users to easily understand the price index of agricultural, fishery, and dairy products in real time using public data. And, it also includes the AI Chatbot and voice recognition function, and meets the convenience of natural language processing and hands-free etc..

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The Efficient Computation Method of Two-commodity Network Flow Problem Using TSP (판매원 문제를 이용한 2-상품 네트워크 흐름 문제의 효율적인 계산방법)

  • Hwang, In-Keuk;Park, Dong-Jin;Yoon, Kwang-Sik
    • Journal of Korean Society of Rural Planning
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    • v.5 no.1 s.9
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    • pp.20-25
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    • 1999
  • Our interest in this paper is in the efficient computation of a good low bound for the traveling salesman problem and is in the application of a network problem in agriculture. We base our approach on a relatively new formulation of the TSP as a two-commodity network flow problem. By assigning Lagrangian multipliers to certain constraints and relaxing them, the problem separates into two single-commodity network flow problems and an assignment problem, for which efficient algorithms are available.

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A Decentralized and Non-reversible Traceability System for Storing Commodity Data

  • He, Xiaojian;Chen, Ximeng;Li, Kangzi
    • KSII Transactions on Internet and Information Systems (TIIS)
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    • v.13 no.2
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    • pp.619-634
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    • 2019
  • In the field of traceability systems, researchers focus on applications in the agricultural food traceability and scanning commodities. The purposes of this paper, however, is to propose an efficient and reliable traceability system that can be applied to all kinds of commodities. Currently, most traceability systems store data in a central server, which is unreliable when the system is under attack or if the administrator tampers with the data for personal interests. Therefore, it is necessary to design a system that can eliminate these threats. In this paper, we propose a decentralized and non-reversible traceability system for storing commodity data. This system depends on blockchain technology, which organizes data in the form of chains without a central server. This chain-style storage mechanism can prevent malicious modifications. In addition, some strategies are adopted to reduce the storage pressure and response time when the system has stored all kinds of commodity data.

Spatial Characteristics by Physical Distribution System and Sales Activities of Agricultural Co-operation Chain Stores in Korea (농협 연쇄점의 물류체계와 판매활동의 공간적 특성)

  • 韓柱成
    • Journal of the Korean Geographical Society
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    • v.36 no.3
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    • pp.258-277
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    • 2001
  • Agricultural Co-operation chain stores were highly the utility of distribution rationalization for commercial distribution by informatisation and by multi-polarizied of large physical distribution center of Inventory intensive type consisted of intensive physical distribution. and transportation of commodities from physical distribution center have act by outsourcing. Therefore, the methods of distribution of commodities of life and agricultural products are distinguished from route distribution and regular time collective distribution. the method of distribution is formated the distribution field b\ulcorner characteristic of commodity. On the other hand, spatial characteristics by sales activities of commodities was clarified by types of stole commodity according to level of paddy agriculture development and level of service industrial employment. But manufactured foodstuffs and miscellaneous goods. that is commodities of life clarified the fact selling that is not influenced by regional type.

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Economic Evaluation of Potato Microtubers Using the Contingent Valuation Method (In the case of Chungnam Province) (임의가치법(任意價値法)(CVM)을 이용한 인공(人工)씨감자의 경제가치평가(經濟價値評價) (충청남도(忠淸南道)를 중심으로))

  • Hyeon, Byung-Hwan;Lim, Jae-Hwan
    • Korean Journal of Agricultural Science
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    • v.23 no.1
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    • pp.150-158
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    • 1996
  • The potato has been used as a part of key staple foods in Korea. Recently, the demand for the potato tends to increase due to its nutritional Quality, and the Quantity of imports has rapidly been increasing. Contamination of seed potato by pathogens especially could cause a severe reduction of total production. In order to solve the problem, Korea Research Insistute of Bioscience and Biotechnology(KBIBB) developed the new commodity called a "potato microtuber". Before its production and distribution, researches on new commodity should be undertaken in many aspects, especially in terms of economic aspects. The main objectives of this study are to measure the economic value of the potato microtubers and to forecast its spreading effects and to examine the Contingent Valuation Method(CVM) could be accepted in the economic analysis for a new agricultural product, here in potato microtubers. Through the regression results, the consumer behavior analysis had performed for potential users of potato microtubers, and through the demand function derived by the consequence of functional relationship, consumer's surplus was estimated.

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Strategies for the Development of Mushroom Associated Tour Villages with the Aged Workforce (노인 노동력을 활용한 버섯테마관광마을 육성방안)

  • Suh, Gyu-Sun;Chang, Hyun-You;Choi, Seong-Woo
    • Journal of Practical Agriculture & Fisheries Research
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    • v.7 no.1
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    • pp.21-34
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    • 2005
  • The purpose of this study was to suggest strategies for the development of mushroom associated tour villages with the aged. Mushroom has many strong points to use a theme for making a park and tour village. Especially it can be easily cultivated by the aged and a popularist commodity. The 5 days work system in a week enlarge the chance for the people to get a weekend tour. The number of the people who want to live in rural area after retire is getting increased also. This trend needs the development of tour villages as a kind of the silver agricultural industry in rural area. "Work & Play" concepts should be considered as a pivotal strategy to develope mushroom associated tour villages with the aged workforce. Mushroom can be a good theme attracting the tourist when the cultivating, showing, processing and marketing mushroom are welly connected in a village. And the traditional family game and culture must be adjusted for the tourist.