DOI: https://doi.org/10.14710/agrisocionomics.v5i2.9754

PRICE VOLATILITY OF RED CHILI PEPPERS IN CENTRAL JAVA

*Eka Nurjati  -  Economic Research Center, Indonesian Institute of Sciences,, Indonesia
Open Access Copyright 2021 Agrisocionomics: Jurnal Sosial Ekonomi Pertanian under http://creativecommons.org/licenses/by-sa/4.0.

Citation Format:
Abstract

Red chili peppers are an essential commodity because it affects inflation. Central Java is a province of one of the main producers of red chili peppers in Indonesia. Yet, the production and land area are decreasing in the period 2017-2019. The research was carried out to analyze the volatility of producer prices and consumer prices of red chili peppers. Based on the research results, it could be formulated the strategy to stabilize the price of red chili peppers in Central Java. This research used secondary data which was time-series data of monthly consumer price and producer price of red chili from 2006 to 2018. The result showed that only consumer price experienced the volatile, while the producer price had no volatility. The volatility of red chili peppers in the future would be lower, but the shock on the variant of price would occur for a long time. By following the research results, the strategy to stabilize the price of red chili peppers, i.e. dissemination of innovative technology to reduce the crop failure at the off-season, management of crop pattern, development the win-win solution of partnership and stakeholder system, development of logistic management, development of distribution systems, development the cold storage, dissemination of post-harvest technology for dry chili, and restriction of chili import.

Fulltext View|Download
Keywords: fluctuation, producer price, consumer price, strategy

Article Metrics:

Article Info
Section: Articles
Language : EN
Recent articles
THE EFFECT OF WORK MOTIVATION, WORK ENVIRONMENT, AND COMPETENCE ON EMPLOYEE PERFORMANCE (A STUDY AT FROZEN EDAMAME COMPANY) IMPACTS OF COVID-19 PANDEMIC ON CONSUMPTION BEHAVIOR OF COLLEGE STUDENTS IN POLITANI PAYAKUMBUH FARMERS’ PARTICIPATION IN EMPOWERMENT PROGRAMS OF MUHAMMADIYAH COMMUNITY ORGANIZATION IN PASEH DISTRICT More recent articles
  1. [BPS] Badan Pusat Statistik. (2019). Statistik Hortikultura Provinsi Jawa Tengah. Jakarta: Badan Pusat Statistik
  2. Abate T., Shiferaw, B., Gebeyehu, S., Fenta, B.A. (2011). A system and partnership to agricultural research for development lessons from Ethiopia. Agriculture, 40 (3): 213-220
  3. Aimin, H. (2010). Uncertainty, risk aversion, and risk management in agriculture. International Conference on Agricultural Risk and Food Security, 1 (2010): 152-156
  4. Ajmal, M.M., Kristianto, Y. (2010). Knowledge sharing in supply chain. International Journal of Strategic Decision Sciences, 1 (4): 44-55
  5. Anderson, J.R. Dillon, J.L., and Hardaker, J.B. (1977). Agricultural decision analysis. Iowa: The Iowa State University Press
  6. Anwarudin, M.J., A.L. Sayekti, A. Marendra, Y. Hilman. (2015). Dinamika produksi dan volatilitas harga cabai: Antisipasi strategi dan kebijakan pengembangan. Pengembangan Inovasi Pertanian, 8 (1): 33-42
  7. Arndt, C., M.A. Hussain, V. Salvucci, L.P. Osterdal. (2016). Effects of food price shocks on child malnutrition: The Mozambican experience 2008/2009. Economics & Human Biology, (22): 1–13
  8. Badan Pusat Statistik. (2018). Statistik Hortikultura Provinsi Jawa Tengah. Jakarta: Badan Pusat Statistik
  9. Behzadi, G, M.J. O'Sullivan, T.L. Olsen, A. Zhang. (2018). Agribusiness Supply Chain Risk Management: A Review of Quantitative Decision Models. Omega 79 (1): 21–42. https://doi.org/ 10.1016/j.omega.2017.07.005
  10. Bellemare, M.F. (2015). Rising food prices, food price volatility, and social unrest. Am J Agric Econ, 97(1):1-21. https://doi: 10.1093/ajae/aau038
  11. Béné, C. (2020). Resilience of local food systems and links to food security – A review of some important concepts in the context of COVID-19 and other shocks. Food Security, 12(4):805-822. https://doi: 10.1007/s12571-020-01076-1
  12. d’Errico, M., D. Romano, R. Pietrelli. (2018). Household resilience to food insecurity: Evidence from Tanzania and Uganda. Food Security, 26 (10): 1033–1054
  13. Eliyawati, W.Y., Hidayat, R.R., Azizah, D.F. (2014). Penerapan Model Garch (Generalized Autoregressive Conditional Heteroscedasticity) untuk Menguji Pasar Modal Efisien di Indonesia. Jurnal Administrasi dan Bisnis, 7 (2): 1-10
  14. Erviana, V., Syaukat, Y., Fariyanti, A. (2020). Analisis Transmisi Red chili peppers di Provinsi Jawa Barat. Jurnal Ekonomi Pertanian dan Agribisnis, 4 (1): 77-86
  15. FAO, IFAD, IMF, OECD, UNCTAD, WFP, the World Bank, the WTO, IFPRI, the UN HLTF. (2011). Price Volatility in Food and Agricultural Markets: Policy Responses. Washington (US): Food and Agriculture Organization
  16. Gilbert, C.L., C.W. Morgan. (2010). Food Price Volatility, 365(1): 3023–3034. https://doi.org/10.1098/rstb.2010.0139
  17. Gramberger, M., K. Zellmer, K. Kok, M.J. Metzger. (2015). Stakeholder integrated research (STIR): A new approach tested in climate change adaptation research. Climatic Change, 128(3–4), 201–214
  18. Hamilton, H., R. Henry, M. Rounsevell, D. Moran, F. Cossar, K. Allen, L. Boden, P. Alexander. (2020). Exploring global food system shocks, scenarios and outcomes. Futures, 123 (1): 1-12
  19. Hermans, F., Geerling-Eiff, F., Potters, J., Klerkx L. (2019). NJAS - Wageningen Journal of Life Sciences, 88 (2019): 76-95
  20. Hudha, M. I. G. A. G. L. Anggreni, I. A. L. Dewi. (2020). An analysis of marketing margin and elasticity of bell pepper commodity price transmission (a study in Candikuning Village, Baturiti District, Tabanan Regency. Agrisocionomics: Journal of Agricultural Socio Economic and Policy, 4(2): 299-311.Islam, M.M., M.A. Al Mamun. (2020). Beyond the risks to food availability – linking climatic hazard vulnerability with the food access of delta-dwelling households. Food Security, (12): 37– 58
  21. Junaidi, E. (2013). Analisis Volatilitas Harga Minyak Sawit dan Harga Minyak Goreng. Tesis. Program Pascasarjana Institut Pertanian Bogor
  22. Kalkuhl, M., Braun, J.V., Torero, M., 2016. Food price volatility and implications for food security and policy. Swistzerland: Springer Nature
  23. Kangogo, D., D. Dentoni, J. Bijman. (2020). Determinants of Farm Resilience to Climate Change: The Role of Farmer Entrepreneurship and Value Chain Collaborations. Sustainability, 12 (1): 868-879. https://doi.org/10.3390/su12030868
  24. Laila, A.N., R. Anindita, T. Koerbiawati. (2017). Analisis volatilitas harga sayuran di Jawa Timur. Jurnal Ekonomi Pertanian dan Agribisnis, 1(2): 144-154
  25. Lepetit. 2011. Methods to analyse agricultural commodity price volatility. New York: Springer Science & Business Media
  26. Meuwissen, M.P.M., P.H. Feindt, A. Spiegel, C.J.A.M. Termeer, E. Mathijs. (2019). A framework to assess the resilience of farming systems. Agricultural Systems, 176 https://doi.org/10.1016/j.agsy.2019.10 2656
  27. Miftahuljanah, K. Sukiyono, P.S. Asriani. (2020). Volatilitas dan transmisi harga cabai merah keriting pada pasar vertikal di Provinsi Bengkulu. J Agro Ekon, 38 (1): 29-39
  28. Minot, N. (2012). Food Price Volatility in Africa: Has It Really Increased? Final progress report Desember 2012. Washington (US): International Food Policy Research (IFPRI)
  29. Morea, D., Balzarini, M. (2018). Financial sustainability of a public-private partnership for an agricultural development project in Sub-Saharan Africa. Agric. Econ, 64 (9): 389-398
  30. Nauly, D. (2016). Fluktuasi dan disparitas harga cabai di Indonesia. Jurnal Agrosains Teknologi, 1:56-69
  31. Nugrahapsari, R.A., I.W. Arsanti. (2018). Analisis Volatilitas Harga Cabai Keriting di Indonesia dengan Pendekatan ARCH GARCH. J Agro Ekon 36(1):1-25. https://doi: 10.21082/jae.v36n1.2018.25-37
  32. Nurmapika, R., Nurliza, Imelda. (2018). Analisis Volatilitas Harga Komoditas Pangan Strategis di Provinsi Kalimantan Barat. Jurnal Social Economic of Agriculture, 7 (1): 41-53
  33. Pertiwi, V.A., R. Anindita, R. Dwiastuti. (2013). Analisis volatilitas, transmisi harga dan volatilitas spillover bawang merah (Allium ascolanium L.) di Jawa Timur. Habitat, 24 (3): 204-213
  34. Pradana, R.S. (2019). Kajian Perubahan dan Volatilitas harga Komoditas Pangan Strategis serta Pengarunya terhadpa Inflasi di Kota Banda Aceh. Jurnal Ilmu Ekonomi dan Pembangunan, 19 (2): 85-100
  35. Pujiarti, I., D. Kuestiono, A. Aprilia, R.A. Febriana. (2020). Risk Control Strategis for re chili seed production. Agrisocionomics: Jurnal Sosial Ekonomi dan Kebijakan Pertanian, 4(2): 299-311
  36. Puma, M.J., S. Bose, S.Y. Chon, B.I. Cook. (2015). Assessing the evolving fragility of the global food system. Environmental Research Letters, 10(2):1-25
  37. Puspitasari, D. Kurniasih, A.M. Kiloes. (2019). Aplikasi model Arch/Garch dalam menganalisis volatilitas harga bawang merah. Informatika Pertanian, 28 (1): 21-30
  38. Richardson, K.J., K.H. Lewis, P.K. Krishnamurthy, C. Kent, A.J. Wiltshire, H.M. Hanlon. (2018). Food security outcomes under a changing climate: Impacts of mitigation and adaptation on vulnerability to food insecurity. Climatic Change, (2018) 147:327–341
  39. Rotz, S., E.D. Fraser. (2015). Resilience and the industrial food system: Analyzing the impacts of agricultural industrialization on food system vulnerability. Journal of Environmental Studies and Sciences, 5(3): 459–473
  40. Saptana, A. Daryanto, H.K. Daryanto, Kuntjoro. (2010). Analisis efisiensi teknis produksi usahatani Red chili peppers dan perilaku petani dalam menghadapi resiko. J Agro Ekon, 28 (2): 153-188
  41. Saptana, N., A. Daryanto, H.K. Daryanto, N. Kuntjoro. (2011). Analisis Efisiensi Teknis Produksi Usahatani Red chili peppers dan Perilaku Petani dalam Menghadapi Risiko. J Agro Ekon, 28(2):153. http://doi: 10.21082/jae.v28n2.2010.153-188
  42. Saptana. (2011). Analisis Efisiensi Produksi Komoditas Cabai Merah pada Sentra Produksi Dataran Rendah dan Dataran Tinggi di Provinsi Jawa Tengah Disertasi. Program Pascasarjana Institut Pertanian Bogor
  43. Somashekhar IC, Raju JK, Hemapatil. (2014). Agricultural Supply Chain Management: A Scenario in India. Research Journal of Social Science and Management, 4 (7): 89-99
  44. Sumantri AT, Efri J, Ratna MS. (2017). Voaltilitas Harga Cabai Merah Keriting dan Bawang Merah. Jurnal Agribisnis Terpadu, 9 (2): 1-11
  45. Tadasse, G., B. Algieri, M. Kalkuhl, J. von Braun. (2016). Drivers and triggers of international food price spikes and volatility. Food price volatility and its implications for food security and policy. Food Policy, 28 (2): 59–82
  46. Timmer, P. (2011). Managing price volatility: approaches at the global, national, and household levels. In center on food security and the environment. Proceedings of the Stanford symposium series on global Food policy and food security in the 21st
  47. century; University. California:
  48. Yahya, A. (2018). Analisis Volatilitas Harga Cabai Merah Keriting di Kabupaten Gowa [Skripsi]. Universitas Muhammdiyah Makassar
  49. Zhang, Y., Choudhry, T. (2013). Forecasting the daily dynamic hedge ratios by GARCH models: evidence from the agriculture futures markets. The European Journal of Finance, 21 (4): 376-399

Last update:

No citation recorded.

Last update:

No citation recorded.