Dependence Structure between Crude Oil, Soybeans, and Palm Oil in ASEAN Region: Energy and Food Security Context

2014 ◽  
pp. 329-341
Author(s):  
Teera Kiatmanaroch ◽  
Songsak Sriboonchitta
Keyword(s):  
Food Security ◽  
Crude Oil ◽  
Palm Oil ◽  
Dependence Structure ◽  
Security Context

Crude Oil Price and Food Security Related Variables in Malaysia

2016 ◽  
Vol 4 (2) ◽  
pp. 17-21
Author(s):  
Shri Dewi Applanaidu ◽  
Mukhriz Izraf Azman Aziz
Keyword(s):  
Food Security ◽  
Crude Oil ◽  
Price Index ◽  
Price Volatility ◽  
Food Price ◽  
Oil Price ◽  
Crude Oil Price ◽  
Price Changes ◽  
Oil Price Volatility ◽  
Crude Oil Prices

Objective - This study analyzes the dynamic relationship between crude oil price and food security related variables (crude palm oil price, exchange rate, food import, food price index, food production index, income per capita and government development expenditure) in Malaysia using a Vector Auto Regressive (VAR) model. Methodology/Technique - The data covered the period of 1980-2014. Impulse response functions (IRFs) was applied to examine what will be the results of crude oil price changes to the variables in the model. To explore the impact of variation in crude oil prices on the selected food security related variables forecast error variance decomposition (VDC) was employed. Findings - Findings from IRFs suggest there are positive effects of oil price changes on food import and food price index. The VDC analyses suggest that crude oil price changes have relatively largest impact on real crude palm oil price, food import and food price index. This study would suggest to revisiting the formulation of food price policy by including appropriate weight of crude oil price volatility. In terms of crude oil palm price determination, the volatility of crude oil prices should be taken into account. Overdependence on food imports also needs to be reduced. Novelty - As the largest response of crude oil price volatility on related food security variables food vouchers can be implemented. Food vouchers have advantages compared to direct cash transfers since it can be targeted and can be restricted to certain types of products and group of people. Hence, it can act as a better aid compared cash transfers. Type of Paper - Empirical Keywords: Crude oil price, Food security related variables, IRF, VAR, VDC

scholarly journals The global palm oil sector must change to save biodiversity and improve food security in the tropics

2017 ◽  
Vol 203 ◽  
pp. 457-466 ◽  
Author(s):  
Badrul Azhar ◽  
Norzanalia Saadun ◽  
Margi Prideaux ◽  
David B. Lindenmayer
Keyword(s):  
Food Security ◽  
Palm Oil ◽  
Oil Sector ◽  
The Tropics ◽  
Improve Food Security

scholarly journals KETAHANAN PANGAN RUMAH TANGGA PETANI KELAPA SAWIT DI KECAMATAN BANGUNREJO KABUPATEN LAMPUNG TENGAH

2021 ◽  
Vol 9 (3) ◽  
pp. 516
Author(s):  
Alfu Mifta Khusufa ◽  
Dwi Haryono ◽  
Fembriarti Erry Prasmatiwi
Keyword(s):  
Food Security ◽  
Palm Oil ◽  
Formal Education ◽  
Food Prices ◽  
Food Distribution ◽  
Survey Method ◽  
Household Food Security ◽  
Dietary Habit ◽  
Affecting Factors ◽  
Food Reserves

The aims of this research are to analyze the level of food security, the factors that influence the level of household food security, and efforts to increase the level of food security of palm oil farmer households.   The location of this research is chosen purposively in Bangunrejo Sub district, Central Lampung Regency in which respondents are 75 palm oil farmers household.  The data were collected in January – March 2019 using a survey method and analyzed using cross-classification between the share of food expenditure and energy adequacy level, ordinal logistic regression, and descriptive qualitative analysis.  The results of the research showed that the majority of farmer households (61.33%) were classified as food secure, and the rest were classified as less food secure (28%), vulnerable to food (9.33%), and food insecure (1.33%).  The affecting factors on the level of food security were formal education level of housewives, households’ income, and number of household members. The efforts to increase the level of food security by Government were through monitoring food availability and food reserves, developing food distribution and stabilization of food prices, Program Keluarga Harapan (PKH), Raskin, and Bantuan Pangan Non Tunai (BPNT). Whereas, the efforts by palm oil farmer households were food loan (93.33%) and changing dietary habit (6.67%).Key words: cross-clasification, food security, palm oil farmer households

scholarly journals Asymmetric Dependence Analysis of International Crude Oil Spot and Futures Based on the Time Varying Copula-GARCH

2015 ◽  
Vol 8 (1) ◽  
pp. 463-467
Author(s):  
He Xin ◽  
Zhang Jun
Keyword(s):  
Parameter Estimation ◽  
Crude Oil ◽  
Significant Influence ◽  
Tail Dependence ◽  
Sliding Window ◽  
Dependence Structure ◽  
Dependence Analysis ◽  
Time Varying ◽  
Daily Return ◽  
Asymmetric Dependence

Taking daily return of international crude oil spot and futures as sample, this paper analyzed the time varying and asymmetric dependence structure of them by time varying Copula-GARCH model based on sliding window and semi parameter estimation. This paper analyzed the regular changing between dependence structure of crude oil spot and futures and the return fluctuation, and confirmed that there is significant time varying asymmetric tail dependence. This paper found that the size of the sliding window had no significant influence on the conclusion, and the data of weekly return is more suitable for analysis of the trend of dependence structure of spot.

scholarly journals Multi-Horizon Dependence between Crude Oil and East Asian Stock Markets and Implications in Risk Management

Energies ◽  
2020 ◽  
Vol 13 (2) ◽  
pp. 294 ◽  
Author(s):  
Xiaojing Cai ◽  
Shigeyuki Hamori ◽  
Lu Yang ◽  
Shuairu Tian
Keyword(s):  
Risk Management ◽  
Crude Oil ◽  
Stock Markets ◽  
East Asian ◽  
Tail Dependence ◽  
Dependence Structure ◽  
Time Varying ◽  
Risk Hedging ◽  
Long Run ◽  
East Asian Stock Markets

This paper examines the dynamic dependence structure of crude oil and East Asian stock markets at multiple frequencies using wavelet and copulas. We also investigate risk management implications and diversification benefits of oil-stock portfolios by calculating and comparing risk and tail risk hedging performance. Our results provide strong evidence of time-varying dependence and asymmetric tail dependence between crude oil and East Asian stock markets at different frequencies. The level and fluctuation of their dependencies increase as time scale increases. Furthermore, we find the time-varying hedging benefits differ at investment horizons and reduced over the long run. Our results suggest that crude oil could be used as a hedge and safe haven against East Asian stock markets, especially in the short- and mid-term.

A Comparative Study of Biofuel and Fossil Fuel: A Case Study of Palm Oil and Crude Oil

2013 ◽  
Vol 824 ◽  
pp. 429-435
Author(s):  
J.N. Ugbebor ◽  
E.A. Membere ◽  
O.J. Joel
Keyword(s):  
Crude Oil ◽  
Palm Oil ◽  
Environmental Performance ◽  
Fossil Fuel ◽  
Cost Benefit Analysis ◽  
Raw Materials ◽  
Performance Comparison ◽  
Biofuel Production ◽  
Extensive Literature ◽  
Pollution Effects

The cost benefit analysis and environmental pollution effects of biofuel (palm oil) and fossil fuel (crude oil) was studied. The study methodology included extensive literature review on relevant publications and laboratory analysis. Important parameters required for emission production and combustion such as CO, CH4, NOx, PM10, SOX and CO2 were analyzed. The combined total of emission production and combustion results indicated that biofuel and fossil fuel have 3.92 and 6.40 of CO; 0.98 and 1.05 of CH4; 25.23 and 27.54 of NOx, 0.00 and 0.67 of SOx, and 657 and 3564 of CO2 respectively. Other parameters considered in this study include fuel efficiency, environmental performance, cost benefits analysis and sustainability. From environmental performance comparison, the study indicated that 100% biofuel will cause reduction in greenhouse gases and other polluting emissions. It also indicated that use of palm oil as biofuel may have less impact on human health. The research concludes that raw materials for biofuel production can be readily cultivated in Nigeria, particularly in the South-East and South-South and its usage will compliment the use of fossil energy and greatly reduced environmental impact of fossil fuel.

scholarly journals Spatial Price Transmission and Price Dynamics of Global Butter Export Market under Economic Shocks

2021 ◽  
Vol 13 (16) ◽  
pp. 9297 ◽  
Author(s):  
Huidan Xue ◽  
Chenguang Li ◽  
Liming Wang ◽  
Wen-Hao Su
Keyword(s):  
New Zealand ◽  
Crude Oil ◽  
Palm Oil ◽  
Export Price ◽  
Raw Milk ◽  
Oil Price ◽  
Crude Oil Price ◽  
Price Fluctuations ◽  
Export Prices ◽  
The U.S

Recently, the world has experienced striking economic and policy changes, and subsequent uncertainties have impacts on dairy trade price fluctuations. The Global Vector Autoregressive (GVAR) methodology was established in this paper to better understand international butter export prices transmission, the feedback between the economic context changes and price fluctuations, and the link between the global butter market, energy market, and other commodity markets. We assessed which key factors are typically associated with butter export price movements with regards to shocks to crude oil price, palm oil price, farm-gate raw milk price, exchange rates, and consumer price index (CPI) for food of the EU, New Zealand, the U.S., and the rest of world (RoW), respectively. Using generalized impulse response functions, this study found that decreases in farm-gate raw milk price could be swiftly transmitted to butter export prices of not only a home country but other foreign countries. However, palm oil price and crude oil price merely affects global butter export prices. We also found that U.S. dollar depreciations against the Euro will cause a decline in U.S. butter export price. It is concluded that butter export markets are not well-integrated, yet butter export prices of New Zealand and the U.S. are highly linked.

scholarly journals Price Integration Analysis of Crude Oil and Vegetable Oils

HABITAT ◽  
2021 ◽  
Vol 32 (2) ◽  
pp. 82-92
Author(s):  
Resti Destiarni ◽  
Ahmad Jamil
Keyword(s):  
Time Series ◽  
Crude Oil ◽  
Vegetable Oil ◽  
Vegetable Oils ◽  
Palm Oil ◽  
Oil Prices ◽  
Oil Price ◽  
Cointegration Test ◽  
Price Data ◽  
Long Run

The importance of palm oil as Indonesia's main export commodity from the non-oil and gas sector makes a study about the price integration of crude oil and vegetable oils is conducted. The time-series data is used are monthly data from 2002:2 to 2019:4. Using the Vector Correction Model (VECM), this study aimed to analyze the price integration among Log of Crude Oil Price (LCOP), Palm Oil Price (LPOP), Soybean Oil Price (LSOP), Sun Flower Oil Price (LSFOP) and Rapeseed Oil Price (LROP). Augmented-Dickey Fuller (ADF) stationary test results show that the time series for those data are stationary at first difference. Using the Pearson Correlation test among price data indicates that there is a high positive correlation among those price data. It reveals a high degree of short-run integration among oil price data. Based on the Johansen cointegration test, the result reveals the presence of long-run relationships among determinants. Knowing presence of cointegration among the data, a bivariate cointegration test was conducted in this study. The test showed that LCOP did not have long-run relationship with vegetable oil prices. The Engel Granger Causality test revealed that generally, LPOP have influence on the movement both LCOP and other vegetable oil prices.

Sign in / Sign up

Export Citation Format

Share Document