TY - GEN
T1 - Influence of Price Volatility to Regional Production 0f Yellow Corn
AU - Noor, Yumna Raisa
AU - Setyowati, Putri Budi
AU - Asmara, Rosihan
AU - Sugiharto, Arifin Noor
N1 - Publisher Copyright:
© 2023 American Institute of Physics Inc.. All rights reserved.
PY - 2023/1/24
Y1 - 2023/1/24
N2 - The imbalance between the production and consumption of yellow corn can cause the price to be volatile. Farmers who are unable to predict and anticipate the volatility of commodity prices would switch to planting other commodities that has stable price. Based on such problem, the purpose of this study was to analyse price volatility and analyse its influence on yellow corn production in East Java Province in the long and short term. Data collected between the year period 2009 to 2018 were analyzed with historical volatility. The result showed that the highest price volatility of yellow corn occurred in 2012 at 41.77% and the lowest price volatility occurred in 2014 at 4.31%. Based on co-integration test analysis, the price had a negative relation to yellow corn production in long term, while the ECM test resulted positive relation in the short term. The correction factor needed to achieve balance in the short term was 1.9%.
AB - The imbalance between the production and consumption of yellow corn can cause the price to be volatile. Farmers who are unable to predict and anticipate the volatility of commodity prices would switch to planting other commodities that has stable price. Based on such problem, the purpose of this study was to analyse price volatility and analyse its influence on yellow corn production in East Java Province in the long and short term. Data collected between the year period 2009 to 2018 were analyzed with historical volatility. The result showed that the highest price volatility of yellow corn occurred in 2012 at 41.77% and the lowest price volatility occurred in 2014 at 4.31%. Based on co-integration test analysis, the price had a negative relation to yellow corn production in long term, while the ECM test resulted positive relation in the short term. The correction factor needed to achieve balance in the short term was 1.9%.
UR - https://www.scopus.com/pages/publications/85147375773
U2 - 10.1063/5.0112196
DO - 10.1063/5.0112196
M3 - Conference contribution
AN - SCOPUS:85147375773
T3 - AIP Conference Proceedings
BT - 3rd International Symposium on Food and Agrobiodiversity, ISFA 2021
A2 - Abduh, Setya Budi Muhammad
A2 - Al-Baarri, Ahmad Ni'matullah
A2 - Mulyani, Sri
PB - American Institute of Physics Inc.
T2 - 3rd International Symposium on Food and Agrobiodiversity: Opportunities and Challenges of Sustainable Agriculture and Food Production during Global Pandemic, ISFA 2021
Y2 - 14 September 2021 through 15 September 2021
ER -