Abstract:

The movement in the international commodity price is essential when the world economy has shocks in the world food price, which can influence the economy in Indonesia. The action in the world food price tends to keep increasing, affecting the price or inflation in Indonesia. This study analyzes the influence of the rupiah exchange rate, the international corn price, and the international rice price on the domestic corn price in Indonesia. This study uses secondary data, which are time series data from 1980 to 2022. The analysis model uses the multiple linear regression model and is then estimated using the Eviews 12 program. The results show that the rupiah exchange rate and the international corn price positively and significantly influence the domestic corn price. In contrast, the international rice price has a positive and insignificant influence on the domestic corn price at the 95 percent confidence level.

Keywords:

Domestic corn price, Rupiah exchange rate, corn price, international rice price.

How to Cite:

Rahmanta and Iskandar Muda. The Influence of External Factors on the Price of Domestic Corn in Indonesia. [ref]: vol.22.2024. available at: https://refpress.org/ref-vol22-a18/