Article Details
  • Published Online:
    July  2024
  • Product Name:
    The IUP Journal of Applied Economics
  • Product Type:
    Article
  • Product Code:
    IJAE020724
  • Author Name:
    Shivam Swarup and Gyaneshwar Singh Kushwaha
  • Availability:
    YES
  • Subject/Domain:
    Economics
  • Download Format:
    PDF
  • Pages:
    16
Spillover Effects of Crude Oil Prices and Currency Exchange Rate Fluctuations on Palm Oil Prices in India
Abstract

Crude palm oil (CPO) is one of the most consumed edible oils in the country, compared to other major agro-commodity oils. This study seeks to investigate the daily price movements of CPO in India based on the degree of movements ofexternalmacroeconomic factors such as Brent crude oil price and dollar-based daily exchange rates.

Introduction

Palm oil, one of the most significant vegetable oils, can yield about 3.3 tons per hectare, exceeding other oil seeds, according to the Food and Agriculture Organization (FAO). Due to its high productivity, palm oil is consumed in most regions, especially in the developing countries of Asia and Africa.