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Khoiru Rizqy Rambe
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Agriculture, Biological Sciences & Forestry Economics, Econometrics & Finance

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PERMINTAAN DAN PENAWARAN MINYAK GORENG SAWIT INDONESIA Khoiru Rizqy Rambe; Nunung Kusnadi
Forum Agribisnis Vol 8 No 1 (2018): FA VOL 8 NO 1 MARET 2018
Publisher : Magister Science of Agribusiness, Department of Agribusiness, FEM-IPB University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29244/fagb.8.1.61-80

Abstract

In the last 15 years, Indonesia palm-cooking oil price tend to increase significantly. The increase of palm-cooking oil price was driven by either its demand or supply. This study aimed to determine factors affecting of demand, supply, and Indonesia palm-cooking oil price. This research used time series data from 1990 to 2014. Simultaneous equation model was performed to analyse demand and supply of palm-cooking oil. The result indicated that income and population significantly influenced demand for palm-cooking oil. These implied that palm-cooking oil is categorized as normal good and staple food in Indonesia. While the price of palm-cooking oil, palm oil production, and real price of CPO Domestic significantly influenced supply of palm-cooking oil. Indonesia palm-cooking oil price was not significantly affected by its demand and supply.
Co-Authors Nunung Kusnadi