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Dynamics of Crude Palm Oil and Fresh Fruit Bunches Prices in the Era of Biodiesel Policy in Indonesia.

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Τίτλος: Dynamics of Crude Palm Oil and Fresh Fruit Bunches Prices in the Era of Biodiesel Policy in Indonesia.
Συγγραφείς: Kurniawan, Muhammad Farhan (AUTHOR)
Πηγή: Indonesian Journal of Business Analytics. Jun2026, Vol. 6 Issue 3, p617-628. 12p.
Θεματικοί όροι: *Palm oil industry, *Biodiesel fuels industry, *Microeconomics, *Energy industries, *Farm produce prices, *Foreign exchange rates, *Vector error-correction models, *Prices
Γεωγραφικοί όροι: Indonesia
Περίληψη: This study aims to analyze the dynamics of Crude Palm Oil prices and Fresh Fruit Bunches prices in the era of biodiesel policy in Indonesia. The study employs a quantitative approach using the Vector Error Correction Model method to examine both short-run and long-run relationships among Crude Palm Oil prices, Fresh Fruit Bunches prices, world oil prices, exchange rates, and biodiesel policy. The data used in this study consist of monthly time series data from 2021 to 2025 obtained from Statistics Indonesia, Bank Indonesia, the Palm Oil Plantation Fund Management Agency, and the World Bank Commodity Price Data. The results show that Crude Palm Oil prices and Fresh Fruit Bunches prices experienced significant fluctuations during the study period. The Johansen cointegration test indicates the existence of a long-run relationship among Crude Palm Oil prices, Fresh Fruit Bunches prices, world oil prices, exchange rates, and biodiesel policy. The implementation of biodiesel policy increased domestic demand for Crude Palm Oil, thereby affecting the dynamics of Indonesia's palm oil market prices. In addition, Fresh Fruit Bunches prices tended to follow the movement of Crude Palm Oil prices, indicating the existence of a price transmission mechanism between the downstream and upstream sectors of the palm oil industry in Indonesia. This study also reveals that Indonesia's palm oil market has become integrated with the global energy market, implying that changes in global energy prices and biodiesel policy can influence the stability of domestic palm oil commodity prices. [ABSTRACT FROM AUTHOR]
Copyright of Indonesian Journal of Business Analytics is the property of Formosa Publisher and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
Βάση Δεδομένων: Business Source Index
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DbLabel: Business Source Index
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PubType: Academic Journal
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IllustrationInfo
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  Label: Title
  Group: Ti
  Data: Dynamics of Crude Palm Oil and Fresh Fruit Bunches Prices in the Era of Biodiesel Policy in Indonesia.
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  Label: Authors
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  Data: <searchLink fieldCode="AR" term="%22Kurniawan%2C+Muhammad+Farhan%22">Kurniawan, Muhammad Farhan</searchLink> (AUTHOR)
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– Name: Subject
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  Data: *<searchLink fieldCode="DE" term="%22Palm+oil+industry%22">Palm oil industry</searchLink><br />*<searchLink fieldCode="DE" term="%22Biodiesel+fuels+industry%22">Biodiesel fuels industry</searchLink><br />*<searchLink fieldCode="DE" term="%22Microeconomics%22">Microeconomics</searchLink><br />*<searchLink fieldCode="DE" term="%22Energy+industries%22">Energy industries</searchLink><br />*<searchLink fieldCode="DE" term="%22Farm+produce+prices%22">Farm produce prices</searchLink><br />*<searchLink fieldCode="DE" term="%22Foreign+exchange+rates%22">Foreign exchange rates</searchLink><br />*<searchLink fieldCode="DE" term="%22Vector+error-correction+models%22">Vector error-correction models</searchLink><br />*<searchLink fieldCode="DE" term="%22Prices%22">Prices</searchLink>
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  Data: <searchLink fieldCode="DE" term="%22Indonesia%22">Indonesia</searchLink>
– Name: Abstract
  Label: Abstract
  Group: Ab
  Data: This study aims to analyze the dynamics of Crude Palm Oil prices and Fresh Fruit Bunches prices in the era of biodiesel policy in Indonesia. The study employs a quantitative approach using the Vector Error Correction Model method to examine both short-run and long-run relationships among Crude Palm Oil prices, Fresh Fruit Bunches prices, world oil prices, exchange rates, and biodiesel policy. The data used in this study consist of monthly time series data from 2021 to 2025 obtained from Statistics Indonesia, Bank Indonesia, the Palm Oil Plantation Fund Management Agency, and the World Bank Commodity Price Data. The results show that Crude Palm Oil prices and Fresh Fruit Bunches prices experienced significant fluctuations during the study period. The Johansen cointegration test indicates the existence of a long-run relationship among Crude Palm Oil prices, Fresh Fruit Bunches prices, world oil prices, exchange rates, and biodiesel policy. The implementation of biodiesel policy increased domestic demand for Crude Palm Oil, thereby affecting the dynamics of Indonesia's palm oil market prices. In addition, Fresh Fruit Bunches prices tended to follow the movement of Crude Palm Oil prices, indicating the existence of a price transmission mechanism between the downstream and upstream sectors of the palm oil industry in Indonesia. This study also reveals that Indonesia's palm oil market has become integrated with the global energy market, implying that changes in global energy prices and biodiesel policy can influence the stability of domestic palm oil commodity prices. [ABSTRACT FROM AUTHOR]
– Name: AbstractSuppliedCopyright
  Label:
  Group: Ab
  Data: <i>Copyright of Indonesian Journal of Business Analytics is the property of Formosa Publisher and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract.</i> (Copyright applies to all Abstracts.)
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RecordInfo BibRecord:
  BibEntity:
    Identifiers:
      – Type: doi
        Value: 10.55927/ijba.v6i3.16595
    Languages:
      – Code: eng
        Text: English
    PhysicalDescription:
      Pagination:
        PageCount: 12
        StartPage: 617
    Subjects:
      – SubjectFull: Palm oil industry
        Type: general
      – SubjectFull: Biodiesel fuels industry
        Type: general
      – SubjectFull: Microeconomics
        Type: general
      – SubjectFull: Energy industries
        Type: general
      – SubjectFull: Farm produce prices
        Type: general
      – SubjectFull: Foreign exchange rates
        Type: general
      – SubjectFull: Vector error-correction models
        Type: general
      – SubjectFull: Prices
        Type: general
      – SubjectFull: Indonesia
        Type: general
    Titles:
      – TitleFull: Dynamics of Crude Palm Oil and Fresh Fruit Bunches Prices in the Era of Biodiesel Policy in Indonesia.
        Type: main
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          Name:
            NameFull: Kurniawan, Muhammad Farhan
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          Dates:
            – D: 01
              M: 06
              Text: Jun2026
              Type: published
              Y: 2026
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              Value: 6
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            – TitleFull: Indonesian Journal of Business Analytics
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