The Effect of Export Tax on Indonesia’s Crude Palm Oil (CPO) Export Competitiveness

2010 ◽  
Vol 27 (2) ◽  
pp. 173 ◽  
Author(s):  
Amzul Rifin
Keyword(s):  
Palm Oil ◽  
Crude Palm Oil ◽  
Export Tax ◽  
Export Competitiveness

scholarly journals THE PROGRESSIVE EXPORT TAX AND INDONESIA’S PALM OIL PRODUCT EXPORT COMPETITIVENESS

2019 ◽  
Vol 13 (2) ◽  
pp. 211-232
Author(s):  
Immanuel ◽  
Suharno ◽  
Amzul Rifin
Keyword(s):  
Palm Oil ◽  
Export Share ◽  
Crude Palm Oil ◽  
Export Tax ◽  
Export Competitiveness ◽  
Export Shares ◽  
The Impact ◽  
Export Product ◽  
Refined Palm Oil ◽  
Lost Opportunity

Abstrak Hubungan antara daya saing produk kelapa sawit dan intervensi kebijakan pemerintah di Indonesia masih sering menjadi perdebatan diantara pemangku kepentingan. Terkait dengan hal tersebut, penelitian ini menganalisis hubungan antara pajak ekspor progresif dengan perubahan pangsa ekspor CPO Crude Palm Oil (CPO) dan Refined Palm Oil (RPO) serta mengkaji daya saing kedua komoditi. Metode yang digunakan adalah Revealed Compared Advantage (RCA) dan Export Product Dynamic (EPD) untuk mengukur perubahan pangsa ekspor serta tingkat daya saing produk CPO dan RPO ke negara tujuan utama ekspor. Untuk melihat dampak kebijakan tersebut, kajian ini membandingkan sebelum dan sesudah diberlakukannya kebijakan pajak ekspor progresif pada akhir tahun 2007 dan menggunakan data bulanan ekspor produk CPO dan RPO periode 1997-2018. Hasil analisis menunjukkan bahwa setelah diberlakukannya pajak ekspor progresif, pada komoditi CPO telah terjadi penurunan pangsa ekspor sebesar 21% dan pergeseran tingkat daya saing produk dari posisi Rising Star ke Lost Opportunity. Sebaliknya pada komoditi RPO terjadi peningkatan pangsa ekspor dan daya saing dari Falling Star ke Rising Star. Peningkatan pangsa ekspor dan daya saing RPO merupakan salah satu pencapaian dari tujuan kebijakan pajak ekspor. Analisis ini memberikan catatan penting bagi pemerintah dalam membuka alternatif pasar baru dengan tetap mempertahankan pangsa ekspor di negara tujuan ekspor utama. Kata Kunci: CPO, Pajak Ekspor, Daya saing, RCA, EPD   Abstract The relationship between Indonesia’s palm oil product competitiveness and the government's policy intervention is still disputable among stakeholders. This research analyzes the association between the progressive export tax and the changes in export shares of Crude Palm Oil (CPO) and Refined Palm Oil (RPO) as well as the competitiveness of both commodities. Revealed comparative advantage (RCA) and export product dynamic (EPD) are used to measure the change in the export shares of CPO and RPO as well as of their export competitiveness to the main destination countries. To examine the impact of this policy, this research compares before and after the enactment of a progressive export tax policy at the end of 2007 and uses monthly export data for CPO and RPO products for the period 1997-2018. The result finds that after the enactment of the progressive export tax of CPO , the export share of CPO declined by 21% and the level of competitiveness of CPO products moved from Rising Star to Lost Opportunity compared with the condition during 1997-2007. In contrast, the export share of RPO products increased and its competitiveness level moved to a better position from Falling Star to Rising Star. Although shifting the export value of both CPO and RPO, as one of the objectives of the implementation of the export tax, was achieved, this study is highlighting essential commentary in which policymaker still needs to search for new export markets while maintaining export shares in the main export destinations. Keywords: CPO, Export Tax, Competitiveness, RCA, EPD JEL Classification: Q17, F13, O24

scholarly journals PENGENAAN BEA KELUAR TERHADAP BARANG EKSPOR DAN EKSPOR BARANG YANG WAJIB MENGGUNAKAN LETTER OF CREDIT (L/C)

2019 ◽  
Vol 4 (1) ◽  
pp. 65
Author(s):  
Sugianto Sugianto
Keyword(s):  
Palm Oil ◽  
Crude Palm Oil ◽  
Letter Of Credit ◽  
Export Tax ◽  
The Government

<p><em>For all this time the export tax of spesificly things whose taking by the government is known as export, now became out tax , the exportir of nature sources commodity, of crude palm oil (CPO) commodity and mining product, bar of tin and for coffee commodity, cocou, and rubber is one of important commodity whose giving a lot of devisa as a payment to exportactivity and must using letter of credit L/C, for raise our country devisa</em></p>

scholarly journals PAJAK EKSPOR DAN PENGARUHNYA TERHADAP CPO INDONESIA

Agro Ekonomi ◽  
2010 ◽  
Vol 17 (2) ◽  
Author(s):  
Benny Rachman ◽  
Adang Agustin
Keyword(s):  
Palm Oil ◽  
Secondary Data ◽  
Primary Data ◽  
Competitive Advantages ◽  
Crude Palm Oil ◽  
Export Tax ◽  
Oil Export

This study aims to analyze the development of national CPO (Crude Palm Oil) export, the influence of the implementation of the export tax for the welfare of producers, and the competiveness of CPO. This study uses primary data and secondary data. The result of the study shows that (1) in tne period 2000-2007, the volume and value of exports of CPO increased were 18.07 and 37.63 % per year, respectively, (2) CPO export tax directly and proportionally reduce the local price of CPO, which in tye end reduce the price of TBS (Tandan Buah Segar). The higher export tax and the more disadvantages CPO producers and overall level of welfare to decrease with the high PE rate of CPO, and (3) Indonesia has a comparative and competitive advantages in the production od CPO, as indicated by the value DRCR < 1 and PCR < 1 (DRC = 0.66 and the PCR = 0.60).

The Analysis of Potential of Straw Mushroom Development by Using Empty Fruit Bunches Material in Lampung Province

2019 ◽  
Vol 1 (2) ◽  
Author(s):  
Sarono Sarono
Keyword(s):  
Palm Oil ◽  
Efficiency Ratio ◽  
Crude Palm Oil ◽  
Production Scale ◽  
Empty Fruit Bunches ◽  
Straw Mushroom

The empty fruit bunches (EFB) are by-product of crude palm oil (CPO) production, and it is not widely used optimally. One of products produced from EFB with development potentials is straw mushroom. The objective of this research was to analyze the potentials of EFB material and straw mushroom based on EFB material in Lampung province. The result showed that the EFB potential in Lampung province was 111,144 ton annually and straw mushroom was 4,835 ton annually. The biology efficiency ratio of EFB into straw mushroom in production scale was averagely 3.93%. Districts having potentials for developing straw mushroom business by using EFB material were Mesuji, Middle Lampung, Tulang Bawang, Way Kanan, and North Lampung.

EFFECTIVE CROSS HEDGING: EVIDENCE FROM PHYSICAL CRUDE PALM OIL AND ITS INTER-RELATED AGRICULTURAL FUTURES CONTRACTS

2018 ◽  
Vol 17 (2) ◽  
pp. 123
Author(s):  
Noryati Ahmad ◽  
Ahmad Danial Zainudin ◽  
Fahmi Abdul Rahim ◽  
Catherine S F Ho
Keyword(s):  
Palm Oil ◽  
Futures Contracts ◽  
Crude Palm Oil ◽  
Oil Futures ◽  
Futures Contract ◽  
Agricultural Futures ◽  
Cross Hedging ◽  
Optimal Hedge ◽  
Excessive Speculation ◽  
Chicago Board Of Trade

Since its establishment, Crude Palm Oil futures contract (FCPO) has been used to directly hedge its physical crude palm oil (CPO). However, due to the excessive speculation activities on crude palm oil futures market, it has been said to be no longer an effective hedging tool to mitigate the price risk of its underlying physical market. This triggers the need for market players to find possible alternatives to ensure that the hedging role can be executed effectively. Thus this investigation attempts to examine whether other inter-related grains and oil seed futures contracts could serve as effective cross-hedging mechanisms for the CPO. Weekly data of inter-related futures contracts from Chicago Board of Trade (CBOT) and Dalian Commodity Exchange (DCE) are employed to cross hedge the physical crude palm oil prices. The study starts from 2006 until 2016. Empirical results indicate that FCPO is still the best futures contract for hedging purposes while Chicago Soybean (CBOTBO) provides second best alternative if cross-hedging is considered. Keywords: Crude palm oil, Crude palm oil futures, Cross Hedging, Optimal Hedge Ratio, Effective Hedging

A COMPARATIVE STUDY BETWEEN UNIVARIATE AND BIVARIATE TIME SERIES MODELS FOR CRUDE PALM OIL INDUSTRY IN PENINSULAR MALAYSIA

2020 ◽  
Vol 5 (1) ◽  
pp. 374
Author(s):  
Pauline Jin Wee Mah ◽  
Nur Nadhirah Nanyan
Keyword(s):  
Time Series ◽  
Palm Oil ◽  
Moving Average ◽  
Forecast Accuracy ◽  
Peninsular Malaysia ◽  
Time Series Models ◽  
Crude Palm Oil ◽  
Univariate Time Series ◽  
Import And Export ◽  
Bivariate Time Series

The main purpose of this study is to compare the performances of univariate and bivariate models on four time series variables of the crude palm oil industry in Peninsular Malaysia. The monthly data for the four variables, which are the crude palm oil production, price, import and export, were obtained from Malaysian Palm Oil Board (MPOB) and Malaysian Palm Oil Council (MPOC). In the first part of this study, univariate time series models, namely, the autoregressive integrated moving average (ARIMA), fractionally integrated autoregressive moving average (ARFIMA) and autoregressive autoregressive (ARAR) algorithm were used for modelling and forecasting purposes. Subsequently, the dependence between any two of the four variables were checked using the residuals’ sample cross correlation functions before modelling the bivariate time series. In order to model the bivariate time series and make prediction, the transfer function models were used. The forecast accuracy criteria used to evaluate the performances of the models were the mean absolute error (MAE), root mean square error (RMSE) and mean absolute percentage error (MAPE). The results of the univariate time series showed that the best model for predicting the production was ARIMA  while the ARAR algorithm were the best forecast models for predicting both the import and export of crude palm oil. However, ARIMA  appeared to be the best forecast model for price based on the MAE and MAPE values while ARFIMA  emerged the best model based on the RMSE value.  When considering bivariate time series models, the production was dependent on import while the export was dependent on either price or import. The results showed that the bivariate models had better performance compared to the univariate models for production and export of crude palm oil based on the forecast accuracy criteria used.

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