The Macroeconomic Determinants to the Crude Palm Oil Prices in Malaysia (1987 - 2008)

Topics: Palm oil, Regression analysis, Inflation Pages: 71 (10981 words) Published: April 16, 2013
THE MACROECONOMIC DETERMINANTS TO THE
CRUDE PALM OIL PRICES IN MALAYSIA
(1987 - 2008)

HONEY IRMAWATI BINTI HAMZAH
2003197753

BACHELOR OF BUSINESS ADMINISTRATION
WITH HONOURS (BUSINESS ECONOMICS)
FACULTY OF BUSINESS MANAGEMENT
UNIVERSITI TEKNOLOGI MARA
SHAH ALAM

NOVEMBER 2008

THE MACROECONOMIC DETERMINANTS TO THE
CRUDE PALM OIL PRICES IN MALAYSIA

SUBMITTED IN PARTIAL FULFILLMENT
OF THE REQUIREMENTS OF
BBA (HONS) BUSINESS ECONOMICS

FACULTY OF BUSINESS MANAGEMENT
UiTM, SHAH ALAM

HONEY IRMAWATI BINTI HAMZAH

NOVEMBER 2008

DECLARATION OF ORIGINAL WORK

BACHELOR IN BUSINESS ADMINISTRATION (HONS) BUSINESS ECONOMICS FACULTY OF BUSINESS MANAGEMENT
UNIVERSITI TEKNOLOGI MARA

I, HONEY IRMAWATI BINTI HAMZAH, (I/C NUMBER: 780714015248)

Hereby, declare that:
-

This work has not previously been accepted in substance for any degree, locally or oversea, and is not being concurrently submitted for this degree or any other degrees.

-

This project is the result of my independent work and investigation, except where otherwise stated.

-

All verbatim extracts has been distinguished by quotation marks and sources of my information have been specifically and acknowledged.

Signature:
(Honey Irmawati Binti Hamzah)

Date:

LETTER OF SUBMISSION

Honey Irmawati Binti Hamzah,
BBA (Hons) Business Economics,
Faculty of Business Management,
Universiti Teknologi MARA,
40450 Shah Alam,
Selangor Darul Ehsan.
20th November 2008

Puan Norizan Binti Mohammad
Faculty of Business Management,
University Technology of MARA,
40000 Shah Alam,
Selangor Darul Ehsan.

Dear Miss,
Submission of Project Paper
Enclosed is a report entitled “The Macroeconomic Determinants to the Crude Palm Oil Price in Malaysia” for your kind progression. I hope that my research report fulfills the requirement stated by Faculty of Business Management, Universiti Teknologi MARA (UiTM), Shah Alam. I would very much appreciate your kind understanding in reviewing my research report.

Thank You,
Yours Sincerely,

…………………………………….
(Honey Irmawati Binti Hamzah)
2003197753
BBA (Hons.) BUSINESS ECONOMICS

ACKNOWLEGDEMENT

ALHAMDULILLAH, in the name of ALLAH the All Mighty, the Most Compassionate, the Most Merciful and Most Gracious, Praise to Allah, the One and Only, for giving me patience, strength and ability to complete this project.

First and foremost, the author would like to express a million thanks to the Director-General of Malaysian Palm Oil Board, Dato’ Dr. Mohd Basri Wahid for giving me a chance to continuing my study as a fulltime student. Appreciation and gratitude are due to the Acting Director of Economic and Industry Development Division, Dr. Faizah Mohd Shariff and Head of Techno-Economic Unit, Encik Mohd Arif Simeh. The authors would like to thank the all members of Techno-Economic Unit for their constructive ideas and comments.

This project could not have been written without the advisor of this research, Puan Norizan Mohammad who not only served as the advisor of the project but also encouraged and challenged the authors throughout the study. Also, Puan Jamaliah Mhd Khalili as a second examiner and the other group members, who was patiently guided through the writing process, never accepting less than the author best efforts.

Last but not least, thanks are due to my family members for their support and prayers.

Honey Irmawati Binti Hamzah
NOVEMBER 2008

IV

TABLE OF CONTENTS
PAGE
ACKNOWLEGDEMENT

IV

LIST OF TABLES

V

LIST OF FIGURES

VI

LIST OF ABBREVIATIONS

VII

LIST OF DEFINITIONS OF TERMS

VIII

ABSTRACT

IX

CHAPTERS

1

INTRODUCTION

1

1.1 Background of the Study

1

1.2 Problem Statement

4

1.3 Research Objectives

5

1.4 Significance of the Study

6

1.5 Research Question

6

1.6 Limitations

6

1.7 Scope of the Study

7

1.8 Definition of Term

8

1.8.1 Definitions for Crude Palm Oil...

References: Ahmad Borhan A. N., Mohd Arif S., Faizah M. S & Norhanani M. B. (2007). Simulation Study
on the Availability of Palm Oil Stock
Amna A. et al (2007). The Palm Oil Import Demand in Middle East and North African (MENA)
Countries
Basri, A T & Zaimah, D (2002). An Economic Analysis of the Malaysian Palm Oil Market. Oil
Palm Industry Economic Journal
Basri A. T., Mohd Fauzi M. J., Mohd Noor M. & Rosli Z. (2007). Impact Assessment of
Liberalizing Trade on Malaysian Crude Palm Oil
Best, J.W. (1970). Research in Education, 2nd Ed. Englewood Cliffs, N.J.:Prentice Hall, Inc.
Creswell, J.W. 1994. Research design: Qualitative and quantitative approaches. Thousand
Oaks, California: Sage.
Donald R. C. & Pamel S. S. (1998). Business Research Methods. McGraw-Hill International
Editions.
Faizah M. S, et al. (2006). The Elasticity of Foreign Demand for Malaysian Palm Oil. Oil Palm
Industry Economic Journal
iSixSigma Staff. (2000, July 9). How to Determine Sample Size, Determining Sample Size.
19,
2008,
Jahn Dehn (2000). Commodity Price Uncertainty and Shocks: Implications for Economic
Growth
Malaysian Palm Oil Board (2007). Malaysian Oil Palm Statistics 2007. 27th Edition. MPOB.
Minitries of Plantation Industries and Commodities, Malaysia (2007). Statistics on
Commodities, 2007
Mohd Basri Wahid; Mohd Arif Simeh & Jamil Nordin (2007). Recent Development in the
World Palm Oil Prices: An Overview
Mohd Nasir Amirrudin (2004). Biofuel: Palm Oil Price Stabilization Mechanism. Paper
Presented at the MPOB National Seminar on Green and Renewable Biofuel: Future Outlook
Research. 2(2). 1462 – 1493.
Obasi O. Ukoha (2007). Relative Price Variability and Agriculural Policies in Nigeria.
Ramli Abdullah; Roslan Abas & Ayatollah K. (2007). Impact of Plam Oil-Based Biodiesel
Demand on Palm Oil Price
Simone Pfuderer & Maria del Castillo (2008). The Impact of Biofuels on Commodity Prices.
Department for Environment, Food and Rural Affairs. 1 – 30
Uma Sekaran (2007)
Wayan R. Susila (2004). Contribution of Oil Palm Industry to Economic Growth and Poverty
Alleviation in Indonesia
Yusof Basiron (2002). Palm Oil and Its Global Supply and Demand Prospects. Oil Palm
Industry Economic Journal
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • Essay on Palm Oil and Oil Palm
  • Crude Oil and Gasoline Prices Essay
  • Oil Palm in Malaysia Essay
  • Effects of Crude Oil Prices Essay
  • Drop in Price of Crude Oil: Implication on the Nigerian Economy Essay
  • Essay on Oil Price
  • Oil price Essay
  • Essay on crude oil price on the economic growth of India

Become a StudyMode Member

Sign Up - It's Free