| Issue |
BIO Web Conf.
Volume 119, 2024
The Second International Conference on Agriculture, Natural Resources, and Rural Development “Enabling Policies Towards Resilient Agriculture and Sustainable Rural Development” (2nd ICANaRD)
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|---|---|---|
| Article Number | 02015 | |
| Number of page(s) | 11 | |
| Section | Marketing, Value Chain, Agribusiness, and International Trade | |
| DOI | https://doi.org/10.1051/bioconf/202411902015 | |
| Published online | 12 July 2024 | |
The impact of the Vietnam Sustainable Agriculture Transformation (VnSAT) program on the performance of Indonesian rice
1 Agricultural Science Program, Faculty of Agriculture, University of Jember, Jember, Indonesia
2 Department of Agribusiness, Faculty of Agriculture, University of Jember, Jember, Indonesia
3 Muhammadiyah University of Jember, Jember, Indonesia
* Corresponding author: 181510601067@mail.unej.ac.id
The price of rice in the world market greatly influences prices in the domestic market, one of which is the price of rice in Vietnam, Indonesia’s largest rice exporter. The increase in rice prices in Vietnam under the Vietnam Sustainable Agriculture Transformation (VnSAT) program affected the performance of Indonesian rice. This research aims to determine the impact of the VnSAT program on the Indonesian rice version. Data analysis uses simultaneous equations with the two-stage least squares (2SLS) estimation method. The research results show that the effects of the VnSAT program, through an increase in Vietnamese rice prices by 20% and 29%, are relatively small on the performance of Indonesian rice, causing domestic rice prices to decrease by 0.0015% and 0.0030%, rice supply to decrease by 0.0006% and 0.0008%, and demand for rice to increase by 0.000029% and 0.000041%. This implies that external policies from Vietnam did not influence the performance of Indonesian rice, as Indonesia is Indonesia’s largest rice exporter, so Indonesia does not need to worry if there is an increase in rice prices in Vietnam.
© The Authors, published by EDP Sciences, 2024
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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