Buraidah hosts a price and sales screen at the Buraidah International Dates Carnival to monitor market movement across 27 tracks. The system provides farmers, traders, shoppers, and visitors with direct data on prices, quantities, and sales.
According to SPA, the displayed information includes date prices based on types and grades, traded quantities, and total sales. The system uses a package weight of 4.5 kilograms to allow users to compare prices between different types and grades.
Dr. Khalid Al-Nuqaidan, CEO of the Buraidah International Dates Carnival and Secretary of the Higher Committee, stated that the screen enables participants to check market levels before completing buying and selling transactions. He noted that providing this information enhances transparency and offers a clear reading of price and quantity movements.
The use of technology to display trading movement aims to develop the market experience by providing a direct digital reading of the economic activity at the carnival. The data serves as indicators to monitor market trends and document activity to improve services for users.
What data does the price screen provide at the Buraidah International Dates Carnival? The screen monitors market movement across 27 tracks, displaying data on prices based on date types and grades. It also provides information on traded quantities and total sales, using a standard package weight of 4.5 kilograms to help users compare different types and grades.
How does the price screen benefit the participants of the carnival? The screen allows farmers, traders, shoppers, and visitors to view market levels before completing any buying or selling transactions. According to Dr. Khalid Al-Nuqaidan, this enables users to make decisions based on clear knowledge of the prevailing price levels in the market.
What is the purpose of using digital technology for trading at the carnival? The carnival employs technology to provide a direct digital reading of economic activity and enhance transparency. This system offers indicators that help monitor market trends and document activity, which is used to develop the market experience and increase the efficiency of services provided to users.