Helios Artificial Intelligence has launched its advanced price forecasting capabilities covering more than 400 agricultural product prices, including fruits and vegetables such as tomatoes, blueberries and grapes.
Helios’ new price forecasting tools offer procurement teams actionable insights on where prices are headed and why, up to 12 months in advance, according to a news release. Each forecast is paired with a customized explanation, providing context on the drivers behind the when and why of expected price movements — from weather shifts and climate risk factors to regional supply fluctuations and broader market trends.
Helios’ price forecasts are up to five times more accurate, the company says, than current industry benchmarks that have traditionally only used seasonality and basic supply/demand inputs, helping procurement leaders dramatically improve their margins and get ahead of price volatility.
“In today’s volatile market and unpredictable climate, procurement teams need more than just data. They need intelligence and context,” says Francisco Martin-Rayo, co-founder and CEO of Helios. “With our new forecasting capabilities, we’re delivering both: unmatched accuracy in price predictions and the insights teams need to act with confidence.”
Customer Ishan Das from FreeWorld Trading, a dried fruits, seeds and nuts trading company based in Edinburgh, says, “The way Helios is doing price predictions is much better than competitors. The insights for each price series explain where the price is going and what’s driving it. The ‘why’ is sometimes more important than the number itself. The more information you can share behind the number, the better.”
Helios says it remains committed to equipping decision-makers in agri-food supply chains with the tools needed to build resilience and thrive in a rapidly changing global climate.
