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The Efficiency of The Spot Market And Crude Palm Oil (CPO) Commodity Futures Market Before and During The Covid-19 Pandemic in Indonesia Gandhy, Abel; Harianto; Nurmalina, Rita; Suharno
Jurnal Manajemen & Agribisnis Vol. 19 No. 1 (2022): JMA Vol. 19 No. 1, March 2022
Publisher : School of Business, Bogor Agricultural University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/jma.19.1.139

Abstract

CPO prices fluctuation cause price uncertainty formed in the future. Hedging is an activity carried out by market participants to mitigate the risk of price fluctuations. The Covid-19 pandemic disrupts the supply and demand of CPO, affecting price alteration, especially in the spot and futures markets. This study determines market efficiency and the CPO price asymmetry relationship between the Medan spot market, the Jakarta futures market, the Malaysian futures market, and the Rotterdam forward market prior to and during the COVID-19 pandemic. The data used in this study are daily price data on each market from January 2016 to December 2020. They are analyzed using the NARDL model. There is a price asymmetry relationship between the spot and futures markets preceding and during the covid-19 pandemic. The increase in CPO prices causes a more significant impact than the decline in prices in the long term. In addition, there is also a long-term and short-term efficient relationship between the spot market and the futures market for CPO commodities. Thus, the hedging function performed by the CPO commodity market participants will run effectively. Keywords: CPO Price, NARDL Model, Market Efficiency, Cointegration, Pandemic Covid-19
The Analysis of Competition for Indonesian Palm Oil Derivative Products in The Italian Market Ximenes, Lito; Nurmalina, Rita; Rifin, Amzul
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.19.3.437

Abstract

Indonesia is the world's largest producer and exporter of palm oil that has been recognized by foreign countries. Italy is the largest importer of Solid Palm Oil Fraction (SPOF) in the European Union. This article examines the analysis of SPOF Indonesia's competition in the Italian market. The method used is AIDS with a SUR approach that iterates through the application of STATA. The secondary data used is a time series on import value and quantities from 2004 to 2021 by Italy. The results showed that the price elasticity and expenditure of Indonesian SPOF imports were more elastic than Malaysia and the Netherlands. SPOF Indonesia is a luxury good but the price is lower. The elasticity of own price (Hicksian), the Netherlands is more elastic, while Indonesia is Marshallian. Cross price elasticity (Hicksian and Marshallian), the relationship between Indonesia-Malaysia compete by means of substitution. Meanwhile, the Netherlands-Indonesia and the Netherlands-Malaysia complement each other. Therefore, the Indonesian must add quality classes and added value to SPOF products in accordance with the quality of Malaysian and Netherlands products to increase consumer attractiveness. As a result, there will be bilateral cooperation between the two main producing countries of the SPOF in the Italian market to prevent a trade war. Keywords: AIDS, competition, elasticity demand, solid palm oil fraction
Price Transmission Between Input and Output Markets: The Covid-19 Effect on Laying Hens’ Industry in Indonesia Evalia, Nur Afni; Harianto; Nurmalina, Rita; Hakim, Dedi Budiman
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.19.3.418

Abstract

Corn and poultry are two strategic commodities supporting food security and highly dependent on one another. This study analyses the short-term and long-term relationship between the price variables for eggs, broiler, and corn. It determines the effect of COVID-19 at the producer and consumer levels on the price of eggs in 28 provinces in Indonesia using the Panel Autoregressive Distributed Lag (PARDL) – Pooled Mean Group (PMG) approach. The PARDL estimation showed a short-term relationship between egg, broiler, and corn price variables at the producer and consumer levels, and this is shown by a significant positive and negative relationship in several provinces. There is a substitution relationship between laying hens and broiler in North Sumatra, Riau, South Sumatra, West Java, Central Java, Banten, West Nusa Tenggara, North Sulawesi, and West Papua, while the complementary relationship only occurs in Bali. In addition, the Indonesian laying hen industry should be supported by integrated policies from upstream to downstream. This is a policy of the lowest and the highest retail price and those that regulates the creation of corn supply balance inputs as the main feed for laying hens. Keywords: corn, COV-19, laying hens, PARDL, price transmission
The Input Allocation and Potato Production on Small-Scale Farming in Pegunungan Arfak Regency Pattiasina, Trees Augustine; Rita Nurmalina; Harianto; Anna Fariyanti
Jurnal Manajemen & Agribisnis Vol. 20 No. 1 (2023): JMA Vol. 20 No. 1, March 2023
Publisher : School of Business, Bogor Agricultural University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/jma.20.1.79

Abstract

Small-scale potato farming in the Arfak Mountains needs attention in allocating inputs for efficient farming. This study aims to describe the allocation of the use of potato farming inputs, analyze the factors that affect potato production, and analyze the level of technical efficiency of potato farming in the Arfak Mountains. Arfak Mountains Regency was chosen purposively as the research location. Data collection starts from December 2021 to February 2022. Sampling was done by snowball sampling with a sample of 140 respondents. The data used in this study is cross-section data which was analyzed using the Stochastic Frontier Cobb Douglas production function approach. The results showed that the average farmer in the Arfak Mountains controlled 0.07 hectares of land for potato farming, with a seed requirement of 22 kg per hectare. The factors that affect potato production are land, seeds, and female labor. The level of technical efficiency of potato farming is 73 percent. Improvements in farming management and extension assistance for good agricultural practices and the use of technology according to farmers' local wisdom need to be carried out to increase potato production and productivity. Keywords: local knowledge, low input, potato, small-scale farming, technical efficiency
Consumer Preference and Willingness To Pay For Local Orange of Rimau Gerga Lebong Putri, Rani Revina; Nurmalina, Rita; Suprehatin
Jurnal Manajemen & Agribisnis Vol. 20 No. 2 (2023): JMA Vol. 20 No. 2, July 2023
Publisher : School of Business, Bogor Agricultural University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/jma.20.2.226

Abstract

The increasing demand and consumption of oranges have led many local governments to participate in developing superior local orange varieties that are acceptable to consumers, such as the local orange variety called "rimau gerga lebong" from Bengkulu Province. This study aims to analyze consumers' preferences and willingness to pay for rimau gerga lebong oranges. Primary data for the study were collected through an online survey of 200 respondents who have purchased and consumed oranges in Bengkulu, Sumatera Selatan, and Jambi regions. The survey was conducted from April to May 2022. The data were analyzed using a discrete choice experiment (DCE) and willingness to pay (WTP) analysis. Four attributes were considered in the DCE and WTP analyses: taste, water content, freshness, and price. The results indicate that consumers prefer gerga oranges due to their fresh, high water content, and sweet taste attributes. Furthermore, consumers are willing to pay a higher price, with a maximum additional price of Rp. 936.08/kg for fresh oranges, Rp. 497.59/kg for juicy oranges, and Rp. 307.89/kg for sweet oranges. Improving the quality of orange attributes according to consumer needs can lead to increased profits. The findings of this study provide valuable insights for breeders and marketers to ensure that orange quality aligns with the needs and desires of consumers. Based on these findings, several managerial implications can be formulated to enhance and maintain orange attributes. Keywords: discrete choice experiment, orange attributes, preference, utilty product, willingness to pay
The Supply Chain Analysis of FS Jasmine Rice By PT Food Station Tjipinang Jaya Using Food Supply Chain Network (FSCN) Approach Marzuki, Ferry Fardiansyah; Nurmalina, Rita; Jahroh, Siti
Jurnal Manajemen & Agribisnis Vol. 20 No. 2 (2023): JMA Vol. 20 No. 2, July 2023
Publisher : School of Business, Bogor Agricultural University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/jma.20.2.306

Abstract

Supply chain of FS Jasmine rice products from PT Food Station Tjipinang Jaya still facing some problems as low stock availibility, low rice quality, and high expenses but there was an increase in demand of FS Jasmine rice in 2021. Thus, the purpose of this study was to analyze the supply chain of FS Jasmine rice by using the Food Supply Chain Network (FSCN) approach comprehensively. The process of preparing Food Supply Chain Networks (FSCN) consists of supply chain structures, business processes, resources, and supply chain management. The sample in the study was 69 farmers, using the purposive sampling method by selecting farmers with the criteria of being members of the Malai Padi farmer group, CV Sandy Jaya and Tani Mulus who are partners of PT FSTJ. This research showed that the condition of the supply chain for FS Jasmine Rice in Indramayu Regency is already in good condition for each member of the supply chain because the supply chain already has clear goals, and market targets, namely domestic market and export plans, moreover development targets, namely increasing quality, product continuity, expanding market, moreover innovation and use of technology. However, optimizations are needed to strengthen the functions of farmer groups such as cultivation patterns to increase the quality, productivity per hectare, and quantity produced to meet the demand. Keywords: farmers group, food supply chain networks, product continuity, rice, supply chain
ANALISIS BIAYA MANFAAT PENGUSAHAAN SAPI PERAH DAN PEMANFAATAN LIMBAH UNTUK MENGHASILKAN BIOGAS PADA KONDISI RISIKO (Studi Kasus: Kecamatan Cisarua dan Megamendung, Kabupaten Bogor, Jawa Barat) Nurmalina, Rita
Jurnal Pertanian Vol. 1 No. 1 (2010): OKTOBER
Publisher : Universitas Djuanda

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (245.45 KB) | DOI: 10.30997/jp.v1i1.550

Abstract

The issue of energy crisis is one issue that developed in the world today. Indonesia has a national energy policy which aims to develop energy that can fulfill the needs of society as a cheap and affordable, one with biogas development. Dairy farm has a huge potential in renewable energy development. The largest population of dairy cattle in the District of Bogor there is in Cisarua and Megamendung Regency. The farmers already have a scale of 5 m3 of biogas installations with a total ownership of cow is 6 tails. Milk produced has a fluctuation in prices and production, so it needs to be studied further whether the business exploitation and utilization of dairy cow waste to produce instalation biogas 5 m3 scale is feasible to run both in normal conditions or in conditions of risk. The purpose of this research is to analyze non financial aspects like technical aspects; market aspects; aspects of management and social; and environmental aspects, analyze financially, and analysis of scenarios under conditions of price and production risk. The data described qualitatively and quantitatively. Results of non-financial analysis shows that this business is feasible to run. Financial analysis show the business is feasible because NPV Rp 82.401.004,07, Net B/C 2,20, IRR 23 percent, Payback Period 5 years 1 month and the business has a high level of risk on the condition of dairy production risk.
Posisi Pasar Karet Indonesia Di Pasar Internasional Nurzakiah, Sitty; Rifin, Amzul; Nurmalina, Rita
Forum Agribisnis Vol. 14 No. 2 (2024): FA VOL 14 NO 2 SEPTEMBER 2024
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.14.2.166-175

Abstract

Indonesia's position as the largest rubber producing country in the world allows them to become the main exporter of natural rubber. Indonesia exports the majority of its natural rubber production to countries like Japan, India, Brazil, the United States, South Korea, China, Turkey, and others. The competition between Indonesia and other producing countries in exporting rubbers to international markets is relatively tight. The aim of this research is to analyze the position of Indonesia’s technically specified natural rubbers (TSNR) in the international market compared to other exporting countries. The analytical method used is the Almost Ideal Demand System (AIDS) Model. The data used in this research is secondary data from Indonesia, Thailand, Malaysia, Ivory Coast, Vietnam, Belgium, and Nigeria over the last 10 years (2012 – 2022). The results show that there is a tight competition between Indonesia and Thailand, Ivory Coast, Belgium, Nigeria and the Rest of the World in competing for market share of natural rubber in the international market because the relationship between Indonesia's natural rubber and these countries are substitutional. Meanwhile, Indonesia's natural rubber relationship with Malaysia is complementary. Indonesian natural rubber is a normal good, so if there is an increase in prices it will cause a decrease in demand. If there is an increase in demand for rubber exports in the international market, then the country that will benefit the most is Vietnam. Meanwhile, Indonesia is the fourth ranked country that will benefit the most if it happens.
Determinan Yang Memengaruhi Pemilihan Saluran Pemasaran Kopi Robusta Di Kabupaten Malang Noviyanti, Annisa; Nurmalina, Rita; Dwi Utami, Anisa
Forum Agribisnis Vol. 14 No. 2 (2024): FA VOL 14 NO 2 SEPTEMBER 2024
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.14.2.136-146

Abstract

ABSTRACT The demand for coffee in Malang Regency by determining the quantity of commodities is very dependent on the marketing subsystem. Robusta coffee marketing channels in Malang Regency include marketing institutions, namely small traders, sub-district collectors and large traders. Coffee marketing is dominated by small traders. This research aims to analyze the determinants that influence the choice of marketing channels for Robusta coffee in Malang Regency. The location of this research was carried out in two villages, namely Srimulyo Village and Sukodono Village, Kec. Dampit, Kab. Poor. The respondents in this research were Robusta coffee farmers in two villages in a total of 60 respondents. Marketing agency respondents were then determined using snowball sampling techniques. Snowball sampling method by collecting data based on information from previous respondents based on existing marketing patterns in Malang Regency. This research uses multinomial logit analysis by determining efficient marketing channels as a reference variable. Based on the results of marketing channel analysis, it was found that there are 5 marketing channel patterns. Marketing channel 1 consists of 27 farmers and the largest channel choice is 45%, while the results of the marketing efficiency analysis show that channel 5, namely direct farmers to wholesalers, is the most efficient. Marketing channel 5 consists of 11 farmers with a percentage of 18.3%. The results of the research show that 3 variables influence the choice of marketing channels, namely production volume, farming experience, and education level. Suggestions from research for extension workers and local governments need to assist farmers regarding financing and coffee market information so that marketing channel choices are more varied.
THE EFFECT OF RICE PRICE ON THE INDONESIAN INFLATION IN A NEW INSTITUTIONAL ECONOMIC PERSPECTIVE Novita, Dian; Suharno, Suharno; Nurmalina, Rita; Nuryantoro, Nunung
Agrisocionomics: Jurnal Sosial Ekonomi Pertanian Vol 8, No 2 (2024): Special Edition in Collaboration with The 6th International Seminar on Agribusin
Publisher : Faculty of Animal and Agricultural Science, Diponegoro University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14710/agrisocionomics.v8i2.24146

Abstract

The aim of this research is to identify and verify whether rice prices do play a role in driving national inflation using time series data. The time series data for this study spans from 2017 to 2023 on a monthly basis. To facilitate our analysis, we subject the data to standardized stationary tests, serving two essential purposes. Firstly, these tests ascertain the constancy of mean, standard deviation, variance, and covariance for each observation. Secondly, they aid in determining the extent of integration among the variables under scrutiny. For this particular purpose, we employ the Augmented Dickey-Fuller Test for Unit Roots. The outcomes of these stationary tests provide crucial insights, directing policy decisions to effectively address the challenge of inflation. It is widely acknowledged that the factors driving inflation rates, not only in Indonesia but globally, can be classified into two primary categories, the first being associated with the money supply. The research findings distinctly demonstrate that while rice certainly plays a role, it is not the exclusive or singular underlying cause of fluctuations in the inflation rate.
Co-Authors . Hermanto ., Harianto A'la, Nurul A.A. Ketut Agung Cahyawan W Abdul Muis Hasibuan Abdul Muis Hasibuan Achmat Bukhori ADANG AGUSTIAN Adetya, Aulia Adhitya Marendra Kiloes Adilla Adistya Adrianus Hia Agbolosoo, John Atsu Agrivinie Rainy F Agrivinie Rainy Firohmatillah Agus Maulana Agus Wahyudi Agus Wahyudi Ahniasari Rosianawati Aida Ratna Zulaiha Aisatul Mustaqimah Akso Diana Ali Djamhuri Amir Fikri Amzul Rifin Anak Agung Gede Sugianthara Andriyono Kilat Adhi Anggi Meiri Anna Fitriani Anna Fitriani Ardie Ariyono Ardie Ariyono Arief Darjanto Arief Daryanto Arif Imam Suroso Ashar, Nurul Magfirah Asharuddin, Muh. Astri Sabrina Qhoirunisa Atika Dyah Perwita Azwar Annas, Azwar Bahasoan, Husen Bambang Juanda Benedictus Permadi, Benedictus Budi Setiawan Budi Setiawan BUDI SETIAWAN Budi Suharjo Bunasor Sanim Burhanuddin Burhanuddin Burhanuddin Burhanuddin Burhanuddin Burhanuddin Cahyaningsih, Eny Cipta Yan Trimawan Clairine Papilaya, Regina Clara Yolandika Cramon-Taubadel, Stephan von Debi Sarah Dedi Budiman Hakim Dedy Aguspriandono Suprapto, Dedy Aguspriandono Dian Hafizah, Dian Dian Kurniasih Dian Novita Diana Sugiyanthi Dini Amrilla Utomo Dini Amrilla Utomo Dini Maulida Rachmi Dodi Iskandar Duwi Yunitasari Dwi Apriyani Dwi Apriyani, Dwi Dwi Nurul Amalia Dwi Nurul Amalia, Dwi Nurul Dwi Shinta Agustina Dwi Utami, Anisa E. Gumbira Sa’id Eka Intan K Putri Eka Miftakhul Jannah Eka Miftakhul Jannah Eka Miftakhul Jannah, Eka Miftakhul Elifas Omega Yusufadisyukur Elza Surmaini Endang Pudji Astuti Endang Pudji Astuti Endang Pudji Astuti Endi Rekarti, Endi Eny Cahyaningsih Erliza Noor Etty Riani Eva Yolynda Aviny Eva Z. Yusuf Evi Karmilah Fadhilah, Alfirah Fadhlurrohman, Muhammad Surya Faiz Ahmad Sibuea Fajar Firmana Fajar Firmana Farid Fitriadi Farid Fitriadi Fariyanti, Anna Fauziyah, Diyani Felicia Nanda Ariesa Felicia Nanda Ariesa Fermico Karambut Feryanto Feryanto Fika Harini Sinaga Fitrahdini Fitrahdini Fredinan Yulianda Frissilia Nabila Divayana Fuji Lasmini Gandhy, Abel Gendut Suprayitno Grisheila Nadya Shahputeri Harianto Harianto Harianto Harianto Harianto Harianto Harianto Harianto Harianto Harianto Harianto Hariyadi Harmini Harmini, Harmini Harry Suhada Hartoyo Hartoyo Hartoyo Hartoyo Hartoyo Hartoyo Hasibuan, Abdul Muis Hassan, Ethar Hendina Pratiwi Heny K. Daryanto Hermanto Siregar Hidayah Laila Pohan, Fitri Husnul Khotimah Idqan Fahmi Indrajit Wicaksana Indrajit Wicaksana Irma Yuanita Irwandi, Putra Isbandriyati Mutmainah Ivony Annisa Jihan Zakia Adila Jihan Zakia Adila Jojo Jojo Joko Affandi Juni Hestina Kartika Puspitasari Adiningsih Kirbrandoko Kirbrandoko Komalawati Kuntari, Wien Lestari, Puspita Mardika Lestari, Retna Dewi Lilik Noor Yuliati Lina Samhina Lina Samhina Lukman M Baga Lukman M. Baga Maghfiroh Andriani Astutik Malenda, Malenda Marzuki, Ferry Fardiansyah MD. Djamaludin Megawati Simanjuntak Meiri, Anggi Melissa Amandasari Melissa Amandasari Melissa Amandasari Memed Gunawan Minto Yuwono Mohamad Syamsul Ma’arif Muh. Asharuddin Muhammad Fauzanul Hakim Abdurrahim Mujianto Mujianto Mukhamad Najib Najmi Anniro Nanda Putri Astari Nastiti Winahyu Naufal Nur Mahdi Nesia, Khairina Aswita Netti Tinaprilla nFN Puspitasari Nia Rosiana Norfahmi, Femmi Noviyanti, Annisa Nugraha, Herry Nunung Kusnadi Nur Afni Evalia Nur Fatonny Nursamsi Nursamsi Nuryantoro, Nunung Nurzakiah, Sitty Nyak Ilham Panikkai, Sumarni Pattiasina, Trees Augustine Pinta Aftaprilia Rizki Ananda Pohan, Fitri Popong Nurhayati Prisca Nurmala Sari Prisca Nurmala Sari Priyono Priyono Purnomo, Prastika Adelia Purwati, Handewi Puspitasari Putri, Aisya Nadya Putri, Rani Revina Qhoirunisa, Astri Sabrina Qisthy Nur Fathia R. Sapto Hendri Boedi Soesatyo Rachmat Agustian Rahmasari, Liisa Firhani Ratih Wulandari Ratna Winandi Ratna Winandi Ratna Winandi Ratna Winandi Asmarantaka Ratna Winandi Asmarantaka Ratna Winandi Asmarantaka Ratna Winandi Asmarantaka Rekha Mahendraswari Rekha Mahendraswari Riandina Wahyu Oktaviani Rikky Herdiansyah Rizka Karlina Putri Rizki Puspita Dewanti Rosiana, Nia Roslina Roslina Roy Sembel RR. Kathrin Irviana Salma Salma Samara Yarasevika Samsul Mashari Sarifa Marwa, Sarifa Sarma, Ma’mun Sarvina, Yeli Sefitiana Wulan Sari Setiadi Djohar Setiadi Setiadi Setiawan, Rofi Arif Setiawaty, Elika Siti Jahroh Siti Syamsiah Soeyatno, Rahmah Farahdita Sri . Handayani Sri Hery Susilowati Sri Mulatsih Stefani, Eska Stephan von Cramon-Taubadel Sudirman, Hendra Sugiarman Sugiarman Suharjo, Budi, Dr.Ir. MS Suharno Suharno Suharno Suharno Suharno Suharno Suharno Suprehatin Suprehatin Suprehatin Surjono Hadi Sutjahjo Surmaini, Elza Syafruddini Syafruddini ; Tania June Tanti Novianti Tasya Amanda Tasya Amanda Tobing Tinaprilia, Netti Tintin Sarianti Titik Triary Wijaksani Titik Triary Wijaksani Triana Gita Dewi Trimawan, Cipta Yan Tuhpawana Priatna Sendjaja Ujang Sumarwan Vela Rostwentivaivi Viariani, Wahyu Wahyu Budi Priatna Wahyudi, Agus Widyasari, Anastasia Asri Wijaksani, Titik Triary Winandi, Ratna Windias Farah Nabila Wirda, Bunga Wisnu Ardi Pratama Wisnu Ardi Pratama Wulandari, Kartika Ximenes, Lito Yanti Nuraeni Muflikh Yayuk Farida Baliwati Yeli Sarvina Yosini Deliana Yudha Heryawan Asnawi Yuli Harwani Yunitasari, Ani Yusman Syaukat Yusmichad Yusdja Yusuf, Eva Z Yuwono, Minto