Coconut oil prices are shaped by a diverse set of interrelated factors. Key influences include the closing stock price of Borneo Oil, fluctuations in Indonesian cooking oil prices, and movements in the Soybeans Index, all of which serve as indicators of supply dynamics, substitution effects, and broader market sentiment.
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This variable represents the daily closing share price of Borneo Oil Berhad, quoted in Malaysian ringgit (MYR). As an integrated player in the edible oils sector, the company’s stock performance can serve as a proxy for market expectations around production, demand, and pricing trends in related commodities, including coconut oil.
This variable reflects the average retail price of cooking oil, measured in Indonesian rupiah (IDR), across traditional markets nationwide. This indicator captures consumer-level price dynamics, offering insights into domestic demand, household affordability, and potential substitution effects with other edible oils such as coconut and palm oil.
This variable measures the performance of soybean futures within the S&P GSCI framework, expressed in U.S. dollars (USD). The index reflects both price movements and the returns from rolling futures positions, making it a comprehensive benchmark for soybean market dynamics. As a key edible oilseed, movements in the Soybeans Index influence global vegetable oil markets and act as an important driver for substitution trends affecting coconut and palm oil prices.
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