Large Eggs 30-pack at 4,940 won, the reason it differs from 7,110 won... Event price lasts until the 24th
The article explains the difference between the 4,940 won price for a 30-pack of large eggs…
Large eggs 30-pack at 4,940 won, the reason it differs from 7,110 won... Event price lasts until the 24th. 4,940 won is a limited-time price sold through the National Agricultural Cooperative Federation (NongHyup) distribution network, reflecting government support and NongHyup's own resources, while 7,110 won is the consumer price compiled by the Livestock Products Distribution Information of the Korea Institute for Animal Products Quality Evaluation as of September 17. Even for the same "Large Eggs 30-pack," the location where the price tag is placed and the method by which it was created are different.
Even for the same Large Eggs 30-pack, the starting points of the prices are different
4,940 won is the selling price of NongHyup egg Large Eggs 30-pack set for the Chuseok discount event. On the other hand, 7,110 won is the consumer price for Large Eggs XL 30-pack compiled by the Livestock Products Distribution Information of the Korea Institute for Animal Products Quality Evaluation as of September 17. While both numbers refer to the same quantity, the difference is that one is the store price for a specific event product, and the other is a compilation of consumer prices.
Therefore, it is difficult to interpret that the price at general stores has dropped by that much based solely on the 2,170 won difference. If you encounter 4,940 won in your shopping basket, the first things to check are whether it is a Hanaro Mart event, whether it is a Large Eggs 30-pack product, and whether it is within the event period. When looking at 7,110 won, one must also note that the compilation date is September 17 to avoid mixing up the timing of the prices.
4,940 won applies to the NongHyup distribution network event from the 17th to the 24th
The Livestock Economy division of the NongHyup Agribusiness Group announced that it will hold a Chuseok livestock discount event for eight days from September 17 to 24 at Hanaro Mart operated by NongHyup Hanaro Distribution and NongHyup Distribution. During the event period, the selling price for one tray of NongHyup egg Large Eggs 30-pack is 4,940 won. The "until the 24th" in the title refers to this event application period.
The sales location of the discounted price is also a condition. The reported event is not a general market price encompassing all of Hanaro Mart, but an event at stores operated by NongHyup Hanaro Distribution and NongHyup Distribution. One cannot know the egg prices of other distributors, the prices of products not subject to the event, or the selling price after the 24th from this number alone. This is why one must examine the product name and the sales location even for eggs of the same quantity.
Selling price reflecting government support and NongHyup resources
NongHyup stated that it invested both government support and NongHyup's own resources to create the 4,940 won price. Compared to the consumer price of 7,155 won for a 30-pack of eggs compiled by the Korea Institute for Animal Products Quality Evaluation on September 15, it is 2,215 won lower, and NongHyup explained that the discount rate is more than 30%. This comparison is also a result of contrasting the September 15 compilation with the event selling price.
The price containing discount resources is not of the same nature as the transaction price at the production site or the usual price at all retail stores. Consumers can check not only "what the discount rate is" but also whether it is an event reflecting support, and what the target stores and products for the event are. If these conditions are separated, 4,940 won is read as sales information available during the holiday period, while the consumer price compilation is information for observing the market price at that time.
7,110 won is the compilation of Large Eggs XL 30-pack as of September 17
According to reports on September 18, the consumer price for Large Eggs XL 30-pack as of the previous day, according to the Livestock Products Distribution Information of the Korea Institute for Animal Products Quality Evaluation, was 7,110 won. This figure was presented as being 6.3% higher than the previous year and 8% higher than the average year. The comparison with the previous year and the average year is also information attached to the compilation as of September 17.
7,110 won does not refer to the price of a specific Hanaro Mart shelf. Therefore, discovering a 4,940 won event product does not mean that the compiled consumer price itself has changed to 4,940 won. Conversely, even if there is a compilation of 7,110 won, it does not mean that one cannot receive the supported price at the event store. Rather than being numbers that compete with each other, the two prices are numbers that answer different questions.
200 million imported eggs pursued, approximately 135 million introduced
The government pursued the import of 200 million fresh eggs to stabilize egg prices. As of the reporting on September 18, the actual volume brought in was approximately 135 million eggs. It was reported that the background for the introduced volume being less than planned was that sorting and packaging facilities were prioritized for processing domestic volume due to an increase in domestic egg production, and that the sale of imported eggs proceeded more slowly than expected.
The government stated that it plans to supply most of the secured imported egg volume before Chuseok and then decide whether to conduct additional imports after observing the domestic production and price trends. The pursued import volume, the introduced volume, and the discounted sales at Hanaro Mart are different types of policy and distribution information, even though they are within the same news about egg prices. These measures alone cannot predetermine subsequent consumer prices.
Questions on reading prices posed by discussions on reorganizing distribution statistics
At the forum for innovating agricultural product distribution structures held at the National Assembly Library on September 18, discussions were held regarding the reorganization of the price determination structure, the reorganization of distribution statistics, and the transparency of transportation and logistics. Participants expressed opinions that they should be cautious about defining the difference between production site prices and consumer prices entirely as unfair distribution margins, and that the services and costs of each stage should be examined specifically.
This discussion did not immediately judge the formula for egg consumer prices. However, it is clear that when comparing event selling prices and consumer price compilations, the path by which the price was created must be distinguished. 4,940 won is an event price reflecting supported resources in the NongHyup distribution network until the 24th, and 7,110 won is the compilation of the consumer price for Large Eggs XL 30-pack as of September 17. When looking at the two numbers together, one simply needs to check which price applies to their shopping conditions.
Reference Sources
- “Must move away from the frame of simple reduction of distribution stages and profiteering” - Farm Insight
- A tray of eggs for 4,940 won ahead of Chuseok... NongHyup, livestock products discounted by up to 30% or more - The Korea Herald Business
- Imported eggs are released... "Egg tray price is still 7,000 won" Why? - Money Today
Photo Source
- A stock photo of paper packaging containing eggs. Source: Krzysztof Golik / Wikimedia Commons. Original: Egg cartons with chicken eggs 03.jpg · CC-BY-SA-4.0
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