Perspective on Crude Palm Oil Production: The Effect of Raw Palm Oil and Biofuel Prices

Abstract

Efficiency is the important things in production process. Some production factors as labor, materials, and machinery must be calculate accurately. The purpose of this research is for analyzing the influence of raw palm oil and Biofuel prices against crude palm oil production. Sample in this research is time series data that specialized production data, The technique analysis is using analysis of multiple linier regression. The results from analysis show correlation between raw palm oil and biofuel prices with crude palm oil production is 57.1 %, The relationship between raw palm oil against crude palm oil production have significant effect and biofuel prices against crude palm oil production have no significant effect. Based on the results of F test there are the significant influence between raw palm oil and biofues prices against crude palm oil production. finding in this research is PT. Wilmar using 3 type of fuel for production process, petroleum, biofuel and waste of raw palm oil production which makes biofuel prices have no effect on crude palm oil production