Price Movement Influences the Major Coconut Products Production in Fiji

Journal of Nuts

مقالات آماده انتشار، پذیرفته شده، انتشار آنلاین از تاریخ 26 تیر 1402   

نوع مقاله: Original Article

شناسه دیجیتال (DOI): 10.22034/jon.2023.1967369.1195

نویسندگان

Divnesh Swamy^{* 1}؛ Shamal Shasang Kumar^{* 2}؛ William Kerua¹؛ Owais Ali Wani³؛ Natasha Shayal Raj¹

¹College of Agriculture, Fisheries and Forestry, Fiji National University, Koronivia, Nausori, Fiji

²Department of Agronomy (Rootcrops), Ministry of Agriculture (MOA), Fiji

³Division of Soil Science and Agricultural Chemistry, Faculty of Agriculture, Sher-e-Kashmir University of Agricultural Sciences and Technology of Kashmir, India

چکیده

The major coconut products produced in Fiji are copra and coconut oil. As a consequence, coconut oil is the only product now exported, and price fluctuations have a substantial impact. This study examines the changes in copra and coconut oil prices for Fiji from 2009 to 2019. The present study used secondary data for analysis. Copra pricing information was gathered from Fiji Copra Millers, and coconut oil price information was gathered from the website for palm oil analytics' crude coconut oil price. The price changes for trend, cyclical, seasonal, and irregular fluctuations were computed using a multiplicative model. Both the price of copra and the price of coconut oil displayed poor connections, R²= 0.39 and R²= 0.18, respectively, despite the years' considerable price volatility. The price of copra and coconut oil fluctuated significantly throughout the year and in distinctly diverse ways. Seasonality and erratic price fluctuations were particularly pronounced for coconut oil, which directly affected the price of copra and discouraged farmers from investing in coconut plants, lowering productivity, production, and copra supply.

کلیدواژه‌ها

Coconut؛ Copra؛ Fiji؛ Price fluctuations؛ Multiplicative model

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