DOI : https://doi.org/10.18517/ijaseit.6.3.689

Price Volatility of Main Food Commodity in Banyumas Regency Indonesia

Rahmi Hayati Putri (1), Putri Dwi Cahyani (2)
(1) University of Muhammadiyah Purwokerto, Purwokerto, 53182, Indonesia
(2) University of Muhammadiyah Purwokerto, Purwokerto, 53182, Indonesia
Fulltext View | Download
How to cite (IJASEIT) :
Putri, Rahmi Hayati, and Putri Dwi Cahyani. “Price Volatility of Main Food Commodity in Banyumas Regency Indonesia”. International Journal on Advanced Science, Engineering and Information Technology, vol. 6, no. 3, June 2016, pp. 374-7, doi:10.18517/ijaseit.6.3.689.
Citation Format :
Agricultural product is commodity which tends to fluctuate. Price volatility is caused by the change of agricultural production due to climate change as well as pest and disease. Furthermore, it is also caused by the change of agricultural land and high demand of agricultural products on religious holidays. This study was conducted to examine how volatile some of main food commodities in Banyumas Regency. Secondary data analysis method with quantitative approach was used in this research. Time series data of some food commodity prices (rice IR 64, local soybean, maize, chili red peppers, onion and garlic) from January 2008 - December 2013 were utilized. The coefficient of variation was calculated to determine price volatility. The result showed that the price of red chili pepper, onion and garlic was tending to volatile. The coefficient of variation ratio of those commodities was about 20% - 35%. While the price of rice, local soybean and maize was stable. The coefficient of variation ratio of those commodities was less than 9%. This study also includes some policies that can be suggested to prevent price volatility.

Authors who publish with this journal agree to the following terms:

    1. Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
    2. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
    3. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).