Pengaruh Harga Internasional, Ekspor, Harga TBS, Dan Volume Produksi Biodiesel Terhadap Harga CPO Domestik

Abstract

The palm oil industry downstream program supports the development of new energy made from palm oil, namely biodiesel. Biodiesel is used as a blend for fuels such as diesel. One of the goals of developing the biodiesel industry is to produce new renewable energy sources so that it can reduce dependence on fossil energy. With the development of the biodiesel industry, Indonesia's consumption of crude palm oil (CPO) will increase. It is feared that this could lead to an increase in domestic CPO prices. This research was conducted to analyze the impact of developing the biodiesel industry on domestic CPO prices. The data used is secondary data in the form of annual data from 1997-2021. The research analysis used multiple linear regression which is processed with Ordinary Least Square (OLS). The variables in this research are international CPO prices, CPO export volumes, biodiesel production, prices of fresh fruit bunches (FFB), and productivity of oil palm plantations. The real domestic CPO price was significantly affected by international CPO prices, CPO export volume, FFB prices, and the productivity of oil palm plantations. Biodiesel production was not proven to have a significant effect on domestic CPO prices.