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Abstract:
In this study, we investigate the impact of futures and forward price to spot price in Crude Palm Oil (CPO) in Indonesia Commodity and Derivatives Exchange. Studies in futures, forward and spot price are mix, in term of predicting variables and also the data. Some studies use financial products while the others use comodities. In term of variables, some studies use spot price as dependent variable, while the others use spot price as independent variable. Since those mix studies and also base on Gunarsih et al. (2017)'s causality study, this study analyses the impact of future and forward to spot price of CPO base on daily data in September 15th, 2015 to October 15th 2017. Using multiple regression analysis, the study shows that future and forward price have positive impact to spot price of CPO. This suggest that if there are increasing in future and spot price, then there will we an increasing in spot price of CPO.
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