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The relationship between palm oil and soybean / Noor Fatihah Rizal and Nur Amalina Ismail

Palm oil is the largest produced and traded oil in the world. However, the major challenges such as soybean oil are that most of the oils are inter-substitutable and therefore in competition with each other. Palm oil and soybean are two agricultures commodities that have similar characteristics and...

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Main Authors: Rizal, Noor Fatihah, Ismail, Nur Amalina
Format: Book Section
Language:English
Published: Faculty of Plantation and Agrotechnology 2018
Subjects:
Agricultural economics
Pricing
Online Access:https://ir.uitm.edu.my/id/eprint/56510/1/56510.pdf
https://ir.uitm.edu.my/id/eprint/56510/
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spelling my.uitm.ir.565102022-04-27T15:23:39Z https://ir.uitm.edu.my/id/eprint/56510/ The relationship between palm oil and soybean / Noor Fatihah Rizal and Nur Amalina Ismail Rizal, Noor Fatihah Ismail, Nur Amalina Agricultural economics Pricing Palm oil is the largest produced and traded oil in the world. However, the major challenges such as soybean oil are that most of the oils are inter-substitutable and therefore in competition with each other. Palm oil and soybean are two agricultures commodities that have similar characteristics and are substitutable in many applications. Whenever there is increase in soybean oil price, the price of palm oil will follow suit. There are more than 17 major oils and fats produced and traded in the world. This paper investigates the price transmission in the world market for palm oil and soybean. The objective of this study is to determine the relationship between palm oil price and soybean price thus to determine the marketing strategy to make palm oil become dominant. By using the secondary annual data from year (1986-2016) for the variables, the relationship model been examined using two types of method. First method is Ordinary Least Square (OLS) or Multiple Regression. This method is used to see the relationship and significance of each variable. For this methods the results indicate that each variable are significant. The second method used is Impulse Response. It show the shock of one variable to another variable. Faculty of Plantation and Agrotechnology 2018 Book Section PeerReviewed text en https://ir.uitm.edu.my/id/eprint/56510/1/56510.pdf (2018) The relationship between palm oil and soybean / Noor Fatihah Rizal and Nur Amalina Ismail. In: Plantation Management Exhibition & Seminar (PIMES). Faculty of Plantation and Agrotechnology, Kampus Jasin, p. 83.
institution Universiti Teknologi Mara
building Tun Abdul Razak Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Mara
content_source UiTM Institutional Repository
url_provider http://ir.uitm.edu.my/
language English
topic Agricultural economics
Pricing
spellingShingle Agricultural economics
Pricing
Rizal, Noor Fatihah
Ismail, Nur Amalina
The relationship between palm oil and soybean / Noor Fatihah Rizal and Nur Amalina Ismail
description Palm oil is the largest produced and traded oil in the world. However, the major challenges such as soybean oil are that most of the oils are inter-substitutable and therefore in competition with each other. Palm oil and soybean are two agricultures commodities that have similar characteristics and are substitutable in many applications. Whenever there is increase in soybean oil price, the price of palm oil will follow suit. There are more than 17 major oils and fats produced and traded in the world. This paper investigates the price transmission in the world market for palm oil and soybean. The objective of this study is to determine the relationship between palm oil price and soybean price thus to determine the marketing strategy to make palm oil become dominant. By using the secondary annual data from year (1986-2016) for the variables, the relationship model been examined using two types of method. First method is Ordinary Least Square (OLS) or Multiple Regression. This method is used to see the relationship and significance of each variable. For this methods the results indicate that each variable are significant. The second method used is Impulse Response. It show the shock of one variable to another variable.
format Book Section
author Rizal, Noor Fatihah
Ismail, Nur Amalina
author_facet Rizal, Noor Fatihah
Ismail, Nur Amalina
author_sort Rizal, Noor Fatihah
title The relationship between palm oil and soybean / Noor Fatihah Rizal and Nur Amalina Ismail
title_short The relationship between palm oil and soybean / Noor Fatihah Rizal and Nur Amalina Ismail
title_full The relationship between palm oil and soybean / Noor Fatihah Rizal and Nur Amalina Ismail
title_fullStr The relationship between palm oil and soybean / Noor Fatihah Rizal and Nur Amalina Ismail
title_full_unstemmed The relationship between palm oil and soybean / Noor Fatihah Rizal and Nur Amalina Ismail
title_sort relationship between palm oil and soybean / noor fatihah rizal and nur amalina ismail
publisher Faculty of Plantation and Agrotechnology
publishDate 2018
url https://ir.uitm.edu.my/id/eprint/56510/1/56510.pdf
https://ir.uitm.edu.my/id/eprint/56510/
_version_ 1732948334360920064
score 13.211869

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