Price Integration Analysis of Crude Oil and Vegetable Oils

Destiarni, Resti Prastika; Jamil, Ahmad Syariful

doi:10.21776/ub.habitat.2021.032.2.10

Cited by 5 publications

(5 citation statements)

References 12 publications

(18 reference statements)

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“…Among vegetable oils, the cross-price elasticities commonly represent a positive impact on the soybean oil markets, such that a 1% change in the prices of canola oil (0.59%), palm oil (0.34%), corn oil (0.14%), and sunflower oil (0.69%) would determine the price of soybean oil in the US markets in a positive relation. This was followed by a study conducted by Destiarni et al [58], who observed, among vegetable oils, that the price elasticity relationship has a strong substitution effect on determining the oil market demands.…”

Section: Long-term Relationship Impact On Indonesian Coconut Oil Exportsmentioning

confidence: 96%

Price Competition and Shifting Demand: The Relation between Palm and Coconut Oil Exports

Pratama,

Tooy,

Kim

2023

Sustainability

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Despite having a strong production capacity for fresh coconut, Indonesia has a certain deficiency in coconut processing, particularly coconut oil products, which is reflected in the declining market demand rates. The skyrocketing price of palm kernel oil (PKO) had been observed to impact the shifting demand for coconut oil. The cross-price competition with PKO was estimated to uncover the potential market demand for Indonesian coconut oils, especially during the periods of price discrepancies between 2020 and 2022. Thus, our study aimed to analyze the Indonesian coconut oil and palm kernel oil (PKO) market relationship as the markets reacted during the period of price volatility. This study is essential for Indonesian market evaluation, as both commodities are considered to be perfect substitute goods and are similar substances that contain high levels of lauric acid called “lauric oils”. We deployed an ARDL analysis utilizing secondary data from 1964 to 2022, focusing on the cross-price elasticity between coconut oil and PKO prices with the addition of prominent concerned variables. In the long-term estimations, the observational results indicated that the coconut oil and PKO prices had distinctive impacts on Indonesian coconut oil exports of −1.85% and 1.88%, respectively. In the short-term estimations, we found inverse values: the coconut oil price had positive impacts in the short-term period of 1.29% (D1.) and 2.35% (LD.), while the PKO had a negative impact on Indonesian coconut oil exports of −2.17%. This indicated that a PKO price reduction would increase the demand for Indonesian coconut oil exports due to the PKO price volatility and uncertainty perceived by the buyers in the short term. Our study also observed that rival producers, such as the Philippines, had a negative impact (−1.80%), representing the intense competition between Indonesia and the Philippines. Therefore, the Indonesian government has to elevate its coconut oil competitiveness to acquire the potential to expand the market and compete with other major coconut-producing countries.

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Section: Long-term Relationship Impact On Indonesian Coconut Oil Exportsmentioning

confidence: 96%

Price Competition and Shifting Demand: The Relation between Palm and Coconut Oil Exports

Pratama,

Tooy,

Kim

2023

Sustainability

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“…Vegetable oils are another food category that is analyzed in this research. Destiarni and Jamil (2021) investigate the relationship between crude oil and vegetable oils. The vegetable oils available in the study are palm oil, soybean oil, sun flower oil, and rapeseed oil.…”

Section: Theoretical Frameworkmentioning

confidence: 99%

Beyond Food Prices: An Analysis On Sub-Indices

Berk

2022

Kırklareli Üniversitesi Sosyal Bilimler Dergisi

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The prices of food have increased globally recently. The goal of this chapter is to analyze the dynamics of food prices. The categories of food analyzed in this research are Meat, Dairy, Cereals, Oils, and Sugar. FAO Food index data is used for the period 1990-2021. One of the questions that come to mind is whether these categories of food are all correlated with each other. A critical analysis on these sub-indices helps to understand the relationships between the categories. The results of the study show that there are long term relationships between sub-indices of food prices. Granger causality results indicate that the price of sugar is affecting the price of cereals, whereas cereals are affecting sugar. The price of cereals is therefore important for food price stability according to research results.The results show the need for a planned agricultural policy, subsidies for low income households, and subsidies on energy prices.

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“…Pada dasarnya integrasi pasar dapat didekati baik secara vertical maupun horizontal. Dari sisi alat analisis, terdapat beberapa alat analisis yang digunakan dalam menganalisis integrasi pasar seperti Vector Error Correction Model (Destiarni & Jamil 2021) dan Index of Market Connection (Agung & Daryanto, 2017). Analisis integrasi pasar digunakan untuk mengetahui keterpaduan harga melalui pendekatan secara vertikal dengan penggunaan alat analisis IMC.…”

Section: Metodeunclassified

Analisis Integrasi Pasar dan Transmisi Harga Gabah di Provinsi Lampung

Sutisna¹

2021

AgriHumanis

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Penelitian ini bertujuan untuk menganalisis integrasi pasar dan transmisi harga gabah di Provinsi Lampung. Metode analisis penelitian yang digunakan adalah analisis keterpaduan harga melalui pendekatan secara vertikal dengan penggunaan analisis transmisi harga. Penelitian dilakukan di Provinsi Lampung. Jenis data yang digunakan adalah data primer meliputi data harga gabah ditingkat petani dan ditingkat penggilingan sebanyak 47 pada tahun 2018-2019. Hasil penelitian menunjukan bahwa terdapat integrasi/keterpaduan jangka pendek dan jangka panjang yang relatif tinggi antara harga gabah ditingkat pabrik penggilingan di Kabupaten Lampung Tengah (konsumen) terhadap harga gabah yang diterima petani padi (produsen). Terdapat integrasi harga jangka pendek antara petani di Lampung Tengah dengan Lampung Timur. Tidak adanya integrasi harga pada jangka pendek di Kabupaten Lampung Selatan. Namun, terdapat keterpaduan harga gabah pada petani di Lampung Selatan dengan petani Lampung Tengah dalam jangka panjang. Terdapat integrasi/keterkaitan jangka pendek maupun jangka panjang antara petani di Metro dan Tanggamus dengan petani di Lampung Tengah baik jangka pendek maupun jangka panjang. Nilai elastisitas transmisi yang dihasilkan sebesar 7,39 lebih dari 1. Sehingga dalam hal ini dapat disimpulkan bahwa pemasaran harga gabah di Provinsi Lampung belum efisien dan termasuk dalam jenis pasar persaingan tidak sempurna.

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Price Integration Analysis of Crude Oil and Vegetable Oils

Cited by 5 publications

References 12 publications

Price Competition and Shifting Demand: The Relation between Palm and Coconut Oil Exports

Price Competition and Shifting Demand: The Relation between Palm and Coconut Oil Exports

Beyond Food Prices: An Analysis On Sub-Indices

Analisis Integrasi Pasar dan Transmisi Harga Gabah di Provinsi Lampung

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