Universal Journal of Agricultural Research Vol. 12(1), pp. 108 - 120
DOI: 10.13189/ujar.2024.120111
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Variation in Livestock Product Price Volatility between Regions and Markets in Jambi Province, Indonesia

Firmansyah ^*, Afriani Harahap
Department of Animal Husbandry Socio-Economics, Faculty of Animal Husbandry, Jambi University, Indonesia

ABSTRACT

This study conducts a quantitative examination of secondary data, specifically weekly prices of chicken, eggs, and beef across various regions (urban and rural) and market types (traditional and modern) in Jambi Province, Indonesia, spanning from 2018 to the conclusion of the COVID-19 pandemic in 2022. The data is sourced from the Center for Information on Strategic Food Prices. The objective of this study is to uncover the differences in price volatility and price behavior of livestock products based on whether they are in rural or urban areas or in traditional and modern markets. The unique aspect of this research is the examination of the contrast in price volatility and price behavior of livestock products during various stages of the COVID-19 pandemic (before, start, period, and end) in relation to rural or urban areas or traditional and modern markets. The findings of this study are anticipated to be beneficial for central and provincial government policymakers in formulating post-COVID-19 policies aimed at controlling inflation in livestock products. The research employs the coefficient of variation to analyze the price trends of livestock products and the ARCH/GARCH model to estimate volatility levels. The analysis includes several tests such as the unit root test, ARIMA test, ARCH-LM test, ARCH/GARCH model, Lagrange Multiplier test, Ljung Box test, and Jargue-Bera test. The findings reveal that price volatility of livestock products (chicken, eggs, and beef) is more pronounced in urban areas compared to rural areas, and in traditional markets compared to modern markets. The study concludes that there are distinct differences in the price volatility of livestock products across different regions and markets.

KEYWORDS
Volatility, Livestock Products, Urban, Rural

Cite This Paper in IEEE or APA Citation Styles
(a). IEEE Format:
[1] Firmansyah , Afriani Harahap , "Variation in Livestock Product Price Volatility between Regions and Markets in Jambi Province, Indonesia," Universal Journal of Agricultural Research, Vol. 12, No. 1, pp. 108 - 120, 2024. DOI: 10.13189/ujar.2024.120111.

(b). APA Format:
Firmansyah , Afriani Harahap (2024). Variation in Livestock Product Price Volatility between Regions and Markets in Jambi Province, Indonesia. Universal Journal of Agricultural Research, 12(1), 108 - 120. DOI: 10.13189/ujar.2024.120111.