The macroeconomics factors that influenced the price of crude palm oil (CPO) in Malaysia / Fariz Ridzwan Jaffril

The aim of this paper is to study the macroeconomics factors that influence the price of Crude Palm Oil in Malaysia. The crude palm oil industries play its role in the Malaysia economy in many ways. The annual data is gathered from January 2020 to February 2022. The data is collected from the Malaysian Palm Oil Council and others reliable sources. The price of Crude Palm Oil in Malaysia has been selected as the dependent variables in this study. There are four independent variables that researcher uses in this paper which export, inflation rate, employment rate, and exchange rate. The data was collected monthly basis an over the period from January 2020 to February 2022. Multiple linear regression model is also use in this study examine the significant relationship of a dependent variable with any other independent variables. Besides, Normality was used to test whether the data is normally distributed or not normally distribute. From the findings we can see only employment rate is significant in this study, meanwhile, the other three variables; export, inflation rate and exchange rate is not significant.