Proceedings of the 2nd International Conference on Contemporary Risk Studies, ICONIC-RS 2023, 21-22 September 2023, Bali, Indonesia

Research Article

Determinants of Indonesian CPO Exports 2018 – 2022

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  • @INPROCEEDINGS{10.4108/eai.21-9-2023.2345661,
        author={Azaroh Salsabila and Fredyta Purnomo Aji and Sitti Retno Faridatussalam},
        title={Determinants of Indonesian CPO Exports 2018 -- 2022},
        proceedings={Proceedings of the 2nd International Conference on Contemporary Risk Studies, ICONIC-RS 2023, 21-22 September 2023, Bali, Indonesia},
        publisher={EAI},
        proceedings_a={ICONIC-RS},
        year={2024},
        month={6},
        keywords={cpo export cpo production international prices exchange rates panel  data},
        doi={10.4108/eai.21-9-2023.2345661}
    }
    
  • Azaroh Salsabila
    Fredyta Purnomo Aji
    Sitti Retno Faridatussalam
    Year: 2024
    Determinants of Indonesian CPO Exports 2018 – 2022
    ICONIC-RS
    EAI
    DOI: 10.4108/eai.21-9-2023.2345661
Azaroh Salsabila1,*, Fredyta Purnomo Aji1, Sitti Retno Faridatussalam1
  • 1: Universitas Muhammadiyah Surakarta
*Contact email: b300200194@student.ums.ac.id

Abstract

Indonesia is the largest CPO producer and exporter in the world. Indonesia’s CPO export volume for 2020-2022 continues to decline, while the export value continues to increase. The purpose of this study was to determine the direction and effect of the CPO production volume, CPO international prices, CPO domestic prices, and exchange rates on Indonesia's CPO export volume during 2018-2022. This study used the panel data method, combining the time series (2018-2022) and cross-section (25 countries). The result of this study used REM of the best model, after carrying out the chow test and hausman test. The CPO production and international prices have a positive and significant effect on CPO export volume. Meanwhile, CPO domestic prices and exchange rates have a negative and significant effect on CPO export volume. When domestic prices and exchange rates increase, CPO exports will decrease.