Purba, Jan Horas Veryady (2017) Bukti Korespondensi Artikel dengan judul "The Analysis of European Union's Vegetable Oil Consumption: Will The European Parliament Resolution Halt the Consumption of Crude Palm Oil in the European Union in the Future?" Jurnal : International Journal of Applied Business and Economic Research Volume 15 No 19 Tahun 2017, halaman : 27-39, ISSN:0972-7302. TheAnalysis of European Union's Vegetable Oil Consumption: “Will The European Parliament Resolution Halt The Consumption of Crude Palm Oil in The European Union in The Future?”, 15 (19). pp. 27-39. ISSN 0972-7302
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Abstract
In the last five years, the crude palm oil (CPO) industry in Indonesia has faced various pressures, especially from the European Parliament, to stop or slow down the development of the palm oil industry in Indonesia. Positively, this policy is trying to encourage rapeseed oil and sunflower oil as a domestic crop in the EU and is expected to be a major source of vegetable oil in Europe, and at the same time keep the EU from having a high dependence on CPO imports. This strategy is not easy to do because, over the last two decades, CPO has grown into a major source of world vegetable oil and managed to beat the dominance of soybean oil in the world vegetable oil market. This is supported by cheaper CPO prices, and the highest productivity, so that CPO is easy to trade and flows to EU countries and is available in large quantities. On the other hand, it should also be noted that palm oil has contributed greatly to addressing global excess demand in global vegetable oils. The objectives of this study are: (a) to analyze the consumption behavior of vegetable oils in the EU, (b) to forecast of EU vegetable oil consumption by 2020, and (c) to analyze the influence of parliamentary resolution of Europe on Vegetable oil consumption in EU. The growth of EU vegetable oil production is 2.8 percent per year, while the growth rate of domestic consumption is much larger, at 4.8 percent per year. This situation creates a widening gap and can lead to an increasing dependence on imports. In 2016, total CPO imports reached 7.2 million tons, followed by sunflower oil 1.3 million tons, 0.3 million tons of rapeseed oil and 0.25 million tons of soybean oil. In 2020, the consumption is predicted will increase by 1 million tons from 22,96 million tons (2016) to 23,98 million tons (2020). The EU will drive an increase in domestic RSO production by 1 million tons, while CPO consumption will decrease by 461,000 tons, or 115,000 tons/year. The resolution of the European Parliament encourages the EU government to increase domestic production, both RSO and SFO. The impact of this resolution is a 1.7% reduction in CPO imports per year. Unfortunately, RSO is categorized as a thin market in the global market, therefore CPO is needed as an important source of vegetable oils and not easily removed. Thus, it is clear that the impact of the European Parliament to stop the consumption of CPO in the EU can’t be done easily.
| Item Type: | Article |
|---|---|
| Subjects: | H Social Sciences > H Social Sciences (General) |
| Divisions: | Faculty of Law, Arts and Social Sciences > School of Social Sciences |
| Depositing User: | Admin Repository |
| Date Deposited: | 07 Nov 2023 07:46 |
| Last Modified: | 07 Nov 2023 07:46 |
| URI: | http://repository.ibik.ac.id/id/eprint/1572 |
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