PENGGABUNGAN PASAR GULA KONSUMSI LANGSUNG DENGAN PASAR GULA INDUSTRI
Abstract: The government
policy to separate the sugar market for direct consumption from industrial use
has raised conflicts between sugar producers in both markets. This is due to
the fact that the sugar in the industrial use market enters the market of sugar
direct consumption, vice versa. To
overcome this conflict, merging both markets as adopted in most countries is a
potential policy option. This study aims
to asses the magnitude and distribution of the impact of merging the markets. The results of the analysis showed that the
impacts will strongly be influnced by the price of the sugar in the
international market. When the price is low (US$ 300/ton), the producers of
sugar direct consumption (faremers and sugar white sugar plants) will suffer
from the merger, while refine sugar producers and consumers will gain
benefits. However, as a whole the merger
will create a net surplus around Rp 560 Billion. The reverse will occur if the merger is
implemented when the sugar price is high (US$ 350/ton). As a whole, the merger
will cause welfare lose of around Rp 1500 Billion. To overcome the negative impacts of the
mergers, some policies options are also proposed in this study.
Kode Jurnal: jpmanajemendd070076
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