Export Demand of Palm Oil in Malaysia: Analysis using ARDL Approach

Asian Journal of Agriculture and Rural Development

article

Normaz Wana Ismail¹  Sarah Nursyazmin Mohamad Kamal²  Muhamad Firdaus³  Norazwa Mohamed Hariri² 

[1] School of Business and Economics, Putra Universiti Malaysia;Laboratory of Agricultural and Food Policy Studies, Institute of Tropical Agriculture & Food Security, Putra Universiti Malaysia;Faculty of Economics and Management, Institut Pertanian Bogor

关键词: Agricultural commodities;    Palm oil;    Export;    Price;    ARDL.;   

DOI  :  10.55493/5005.v12i3.4531

学科分类：农业科学（综合）

来源: Asian Economic and Social Society

【 摘 要 】

The growth of the palm oil industry in Malaysia has established a demand for exports among trading partners worldwide. As a result, Malaysia has gained a reputation as the world's largest producer and exporter of palm oil. Crude palm oil production in 1980 was 2.50 million tonnes; however, by 2019 it had increased to 19.86 million tonnes due to the high export demand for oil palm products. This study studies the export demand for palm oil in Malaysia from 1991 to 2019 by adopting autoregressive distributed lag (ARDL) for cointegration to analyze the export demand determinant, weighted average trading partner income, Malaysian export price, competitor export price, world export price of palm oil, world export price of soybean oil, and real effective exchange rate. The main findings reveal that the factors that determine Malaysian export demands for palm oil are palm oil price changes and trading partner income. In addition, the study also finds that European restrictions on unsustainable palm oil consumption hurt Malaysia’s export demand for palm oil.

【 授权许可】

CC BY