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AGRARIS: Journal of Agribusiness and Rural Development Research
ISSN : 2407814X     EISSN : 25279238     DOI : -
AGRARIS is devoted to promote excellent articles on agribusiness, agricultural economics, and rural development that present original findings of contemporary research project.
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Articles 243 Documents
Does the Sleman Chili Auction Market Affect the Local, Regional and National Market Prices in Indonesia? Jamhari, Jamhari; Nasir, Muh Amat; Nugroho, Agus Dwi; Ismiasih, Ismiasih; Yonekura, Hitoshi
AGRARIS: Journal of Agribusiness and Rural Development Research Vol 8, No 2: July-December 2022
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/agraris.v8i2.15654

Abstract

Promoting the horticultural auction market as an alternative outlet is becoming more popular. The horticultural auction market has some benefits, such as reducing price volatility and controlling inflation. This research used a case study in Sleman Regency, which established a horticultural auction market to manage volatile chili prices. The daily price data with ECM-GARCH analysis was used to investigate market integration between the Sleman chili auction market and other markets. The result showed that the Sleman auction market had a beneficial impact on the price decline in the local markets. This impact indicated that the auction market controls inflation at the regional level. However, only 5% to 13% of daily variations of the long-term equilibrium of the auction market to other markets were adjusted. There was information efficiency of the chili prices in Indonesia based on the GARCH model. This study proves that auction markets promote control of macro inflation. This study was the first to manage horticultural product price risk from a chili auction market perspective. Moreover, the model applied in this study expands the ECM-GARCH model to improve the validity of an ECM's significance tests and the efficiency of standard ECM parameter estimation.
The Effect of Domestic Consumption on Natural Rubber Farmgate Price in Indonesia Pramananda, Penggawa Pietra; Rifin, Amzul; Nauly, Dahlia
AGRARIS: Journal of Agribusiness and Rural Development Research Vol 8, No 2: July-December 2022
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/agraris.v8i2.12480

Abstract

The decline in natural rubber farmgate prices in recent years directly impacted Indonesia’s natural rubber market. In response to this phenomenon, the government plans to increase natural rubber domestic consumption to raise Indonesia’s rubber price. This study aimed to determine the effect of increasing natural rubber domestic consumption on natural rubber farmgate prices and analyze other factors those influence it. The Error Correction Model was used to identify the variables that significantly affect Indonesia’s natural rubber farmgate price. The data used in this study were monthly data from January 2012 to December 2017. Results showed that natural rubber domestic consumption did not significantly affect the Indonesia natural rubber farmgate price. However, in the long run, Indonesia’s natural rubber farmgate price was influenced by the previous period of Indonesia’s natural rubber prices, world natural rubber prices, world crude oil prices, and exchange rates. While in the short run, Indonesia’s natural rubber farmgate price was influenced by the previous period of Indonesia’s natural rubber prices, world natural rubber prices, and exchange rate.
Selected Factors Influencing China's Palm Oil Import Demand from Malaysia Ahmad, Mohammad Yusof; Wong, Kelly Kai Seng; Kamarulzaman, Nitty Hirawaty
AGRARIS: Journal of Agribusiness and Rural Development Research Vol 8, No 2: July-December 2022
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/agraris.v8i2.15511

Abstract

The export of palm oil from Malaysia to China has declined since 2013, although the Malaysian Ringgit has depreciated. The Malaysian palm oil market has also struggled against the Indonesian palm oil and soy oil in China. Hence, this study aimed to identify the significant factors influencing China's demand for Malaysian palm oil by adopting the Auto-Regressive Distributed Lag (ARDL) analysis. The finding revealed that the currency rate of exchange, the foreign trade price of Malaysian palm oil to China, and the international soy oil price significantly influence Malaysian palm oil demand in China. Nevertheless, China's real GDP per capita showed a positive and significant influence only in the long run. The demand for Malaysian palm oil in China was not significantly impacted by the palm oil price offered by Indonesia, neither in the long run nor short run. Thus, the authorities related to this industry need to strategize the stock management system to control the price and currency stabilization to maintain its competitive power.