CPO Export Research Articles

The Influence of Exchange Rate on CPO Exports of Indonesia

This study analyzes the effect of the exchange rate (IDR to US Dollar) on Indonesian CPO exports using Error Correction Model (ECM). The result of ECM analysis showed that exchange rate has a weak effect on Indonesian CPO export. These were due to several things; first, it takes a time to produce CPO. Second, importers are unaware of price changes. Third, policy factors, such as refusal of Indonesian CPO in USA and imposition of high import duty tariff in France. Fourth, price factor of CPO substitution goods and negative issues in the palm oil industry. Fifth, Indonesian exporters were less creative in marketing CPO products than Malaysia. ECM analysis also resulted that CPO production and CPO prices have no effect on Indonesian CPO exports, while the price of soybean oil and CPO production in the previous month has a strong influence on Indonesian CPO exports. Indonesian CPO export is inelastic.

Indonesian CPO availability analysis to support food and energy security: a system dynamic approach

The development of biofuels could be a solution to overcome the energy problem. One of biofuel that has the potential to be developed, namely palm oil biodiesel that is also the raw material for food. As a provider of CPO raw materials, the production of palm biodiesel could trigger competitions, from biofuels demand growth and utilization of agricultural resources. Thus, it needs to be analyzed to determine the adequency of CPO supply to fulfill the need of food and policy recomendation which sets the development of palm oil biodiesel can be synergies with food need especially for the supply of raw material CPO. To obtain the optimal policy in the synergy between the raw material of CPO for food and energy is a need to establish some policy scenarios that allow to be applied and then chosen the best policy alternative of all scenarios. The purpose of this research were to : 1) analysis the availability of CPO to meet the needs of food and energy, 2) provide policy recommendation with regard biodiesel development of food security. The model made used system dynamic method. Several scenarios that used in the model are: 1) existing condition, 2) The scenario increase biodiesel production capacity and increase land productivity, 3) reduction scenario CPO export by 30%, 4) scenario use othe raw material for biodiesel by 20%. The simulation results showed the availability of CPO raw materials would answer all needs of both food and biodiesel when there was an increase in productivity, diversification of raw materials, and also a reduction in palm oil exports. It was needed an integrated policy from upstream to downstream along with the consistency of implementation. Policy suggestions that could be considered were increased productivity through agricultural intensification, enforcement disincentive policies of CPO to exports, and development of non-CPO biodiesel raw materials and development of renewable energy.

Palm output seen rebounding in 2017 as Malaysia increases CPO export duty

Palm output seen rebounding in 2017 as Malaysia increases CPO export duty

ANALISIS DAYA SAING EKSPOR MINYAK KELAPA SAWIT (CPO) SUMATERA UTARA DI INDONESIA

This study aims to : (1) CPO export trends and projections in North Sumatera (2) CPO export competitiveness of North Sumatera in Indonesia (3) factors that affect CPO export in North Sumatera. This research based on the background tat CPO export volume in North Sumatera which is now well below Riau Province, where previously the province of North Sumatera is Indonesia’s largest palm oil exporter.The data used are secondary data to the time period of the years 1980-2010. Data collecting obtained from BPS, Ministry of Agriculture and KPB PTPN. The analyze used model equation of least square to see the trends and projections 10 year lstr; RCA and AR index used to see competitiveness and ordinary least square (OLS) model used to see the factors that affected CPO export of North Sumatra.The result of study show that: (1) North Sumatera CPO export trend for 1980-2010 was positive and projections export for ten years later increased with average growth 4.649 percent, (2) North Sumatera still competitive in Indonesian CPO exports based on the average value of the RCA index 13.24905 but with weak growths as indicated by the AR index of 0.232 caused by the potential land was small, production growth was slowly, the low productivity and the transfer of export port by exporters, (3) North Sumatra CPO exports affected positively by Doller exchange rate against Rupiah and negatively affected by the value of the RCA index.

Impact Tax Policy on CPO Exports

CPO is a strategic commodity in the global market, so that the condition and CPO prices in the domestic market is strongly influenced by the global market. This study aims to analyze several factors that affect CPO export, namely CPO price in the international market, the exchange rate rupiah against the US dollar and tax policy as stated in the PMK No. 128 / PMK.011 / 2011. Based on this research, in the period 2005-2013 Indonesia's CPO exports was influenced by the CPO price in the international market, the exchange rate rupiah against the US dollar and tax policy in 2011. Overall the model is able to explain that variation changes CPO exports in the period 2005-2013 by 73,73%t are influenced by the three variables used in this model, while the rest is influenced by other variables that are not included in this study observations. while the rest is influenced by other variables that are not included in this study observations.

Malaysia cuts May 2015 CPO export taxes to zero

Malaysia cuts May 2015 CPO export taxes to zero

Daya saing dan determinan permintaan ekspor minyak sawit Indonesia ke China

This study aims to analyze: 1) the competitiveness of Indonesian palm oil exports in the Chinese market; 2) factors that influence the demand for Indonesian palm oil exports to China. The data used are secondary time series data for the period 2000 - 2010. Data is sourced from the Central Bureau of Statistics, Foreign Trade Statistics, Indonesian Economic and Plantation Statistics, Ministry of Agriculture, Ministry of Trade, Indonesian Oil Palm Research Institute, Malaysian Palm Oil Board, Oil World Annual Report. To analyze export competitiveness using the RCA model, while analyzing the factors that influence exports using multiple linear regression models. The results of the study found: 1) During the period 2000 - 2010 Indonesian CPO exports to China already had competitiveness which was high above the world average market share; 2) Simultaneously and partially, the rupiah exchange rate against the US dollar, the population and the price of soybean oil have a significant effect on Indonesian CPO exports to China.

DISTORTION OF CAPACITY ON INTER-REGIONAL TRADE OF IMT-GT: STUDY CASES ON FOUR SELECTED PROVINCES IN SUMATRA, INDONESIA)

The objective of the paper was to understand the impact of sub regional economic cooperation, known as the Indonesia-Malaysia-Thailand Growth Triangle (IMT- GT), on trade sector in Indonesia. The approach of research based on export macro information by provinces and commodities. The method used in the analytical framework was a fixed effect method. The regional study covered Nanggroe Aceh Darussalam, North Sumatera, West Sumatera Barat, and Riau provinces, and the commodities involved CPO, coffee and rubber, with 1990-2008 data series. Based on pooled regression, the IMT-GT, there was a significant impact on export from the four provinces to Malaysia and Thailand for all based years. One might focus on commodity level that, in fact, CPO was the only one coomodity that had a significant impact within the IMT GT region. In addition, Thai Bath and Malaysian Ringgit, with respect to GDP for both countries, had significant influenced on Export;, especially after the IMT GT endorsed. Keywords: IMT-GT, Province, export, CPO, coffee, and rubber export, pooled regression

Determinan Ekspor CPO Indonesia

Palm oil is one of the products that are important to the economy of Indonesia. This study aims to analyze the performance of Indonesia's CPO exports and to look for the influence of the independent variables such as production volume CPO, CPO consumption and the value of the rupiah against the U.S. dollar. The authors of this study tested using the Method of Error Correction Model. The time interval used is from 1998 to 2011 with the data quarter. The findings suggest that Indonesia's CPO production volume variables exert a positive and significant impact on the number of Indonesian CPO exports in both the short and long term, then the variable volume Indonesia CPO consumption in the short and long term is also a significant effect on the number of Indonesian CPO exports but negatively related, this is due to the domestic CPO consumption greater that the capacity to export will be reduced. Variables of the Rupiah against the U.S. dollar also affects Indonesia's CPO exports significantly and negatively related to both the short and long term and conditions of the depreciation of the rupiah exchange rate is not enough to effectively be driving exports. Estimates show that the close relationship between external demand caused exports to Indonesia's export performance vulnerable to external shocks. Side factors are also a determinant of export performance. Keywords: palm oil, CPO consumption, Error Correction Model

ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI EKSPOR CPO (BAHAN BAKU MINYAK GORENG) INDONESIA PADA TAHUN 1973 - 1998

The demand for cooking oil from domestic and foreign market has madetrade of CPO as cooking oil raw material. The strength of CPO trade iscaused by amount of government wish to keep cooking oil price stability asdomestic main need and by the amount of government interest to increaseforeign exchange achievement. The research is centered on variables whichinfluence on the number of CPO export from Indonesia. The data used aretime series data from 1973-1988 which is taken from BPS (Central Bureauof Statistic) of Indonesian Plantation Annual Report. Whereas analysismethod used are Double Linear Regression by using OLS (Method ofOrdinary Least Squares) with variables test toward classical assumption andstatistic test.