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Journal : Jurnal Manajemen dan Agribisnis

Palm Oil Import Demand in North America Countries Tandra, Hansen; Suroso, Arif Imam; Syaukat, Yusman; Najib, Mukhamad
Jurnal Manajemen & Agribisnis Vol. 19 No. 3 (2022): JMA Vol. 19 No. 3, November 2022
Publisher : School of Business, Bogor Agricultural University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/jma.19.3.379

Abstract

Palm oil is one of the agricultural commodities grown in world trade. North America is one of the regions with high import demand, so that the region can be observed as an export destination. This study aimed to examine the palm import demand in three selected North American Countries (United States of America (USA), Canada and Mexico) and its determinants. Autoregressive Distributive Lags (ARDL) was applied in this study between 1990 and 2017. The results indicate that the demand for palm oil in North American countries has increased. However, the import growth and shares have fluctuated relatively. GDP, GDP Indonesia, GDP Malaysia world palm oil prices, soybean oil prices, and biodiesel production significantly affect palm oil imports in the USA in the long and short-run. The GDP and GDP of Indonesia are the factors that influence palm oil import in Canada and Mexico in the long run. However, we found the impact of GDP Malaysia and GDP Indonesia in Canada in the short-run. Moreover, Indonesia's GDP and GDP significantly influenced palm oil import in Mexico. This research implies that oil palm exporting countries need to consider these factors, especially GDP, before expanding their market to North American countries as one of the biggest palm oil markets in the global world. Keywords: business analytics, biofuel, gdp, import, palm oil, price, north america
Relative Export Competitiveness in Indonesian and Malaysian Palm Oil Downstream Products Tandra, Hansen; Suroso, Arif Imam; Syaukat, Yusman; Najib, Mukhamad
Jurnal Manajemen & Agribisnis Vol. 20 No. 3 (2023): JMA Vol. 20 No. 3, November 2023
Publisher : School of Business, Bogor Agricultural University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/jma.20.3.343

Abstract

Palm oil is an important commodity between Indonesia and Malaysia with a higher contribution to the national economy. However, the investigation into its competitiveness is still important due to fierce competition in the global world. This study aims to investigate the Relative Export Competitiveness (REC) of palm oil downstream and its determinant factors between Indonesia and Malaysia from 1970 until 2020. This study utilizes REC based on merchandise trade and multiple regression by using several variables influencing its REC. The findings reveal that REC in Indonesia has been greater than that of Malaysia over the past 20 years. Initially, Malaysia had a stronger position in REC than Indonesia, particularly from 1971 to 1997. Our analysis demonstrates that REC in Indonesia is positively influenced by factors such as the palm oil policy, the existence of palm oil organizations, and the official exchange rate. Conversely, GDP per capita and the palm oil policy positively impact Malaysia's REC. However, Foreign Direct Investment (FDI) and the ASEAN Free Trade Agreement (AFTA) have a negative effect on REC in both countries. Based on these results, Indonesia and Malaysia must examine proper palm oil downstream policy to boost competitiveness. Keywords: business analytics, determinant factor, palm oil downstream, relative export competitiveness, trade