Widya Cipta : Jurnal Sekretari dan Manajemen
Vol 6, No 1 (2022): Maret 2022

Hubungan Harga CPO, Nilai Kurs, dan IHSG selama Era Labelisasi Palm Oil Free

Hary Saputra Sundoro (Universitas Bunda Mulia)



Article Info

Publish Date
28 Feb 2022

Abstract

Indonesia is the largest country in producing CPO of the world. CPO price should have relationship with Indonesia economy on to exchange rate and capital market. Moreover, Palm Oil Free policy has been released which is prohibit to consume CPO. This will certainly have an impact on the price of CPO which will later have a relationship with the exchange rate and the JCI.The research aims to determine the relationship between CPO prices, exchange rates and JCI during the Palm Oil Free period. The research method is VECM. The period is conducted during from January 2017 to June 2021. The result of the research is the CPO price and the exchange rate have a positive relationship. Then, JCI and the CPO price have a negative relationship and the relationship between the exchange rate and the JCI is positive during the Palm Oil Free era. The implication shows that the government must be able to control the price of CPO considering that this variable can be related to other macroeconomic fundamentals such as the exchange rate and capital market index. Keywords: CPO Price; Exchange Rate; JCI

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Journal Info

Abbrev

widyacipta

Publisher

Subject

Decision Sciences, Operations Research & Management Social Sciences

Description

Widyacipta: Jurnal Sekretari dan Manajemen dipublikasi mulai tahun 2017 dengan P-ISSN: 2550-0805 E-ISSN: 2550-0791 memuat tulisan ilmiah tentang gagasan konseptual, kajian, aplikasi teori, studi kepustakaan, dan hasil penelitian yang mempunyai fokus pada perkembangan manajemen, sosial, ...