Price Fluctuations and Risks of Red Chili and Curly Red Chili Commodities in Traditional Markets in Makassar City
DOI:
https://doi.org/10.55927/ijsmr.v3i12.830Keywords:
Price Risk, Large Red Chilies, Curly Red Chilies, Coefficient of Variation, Traditional MarketsAbstract
Price fluctuations in horticultural commodities, particularly large red chilies and curly red chilies, are a significant issue that directly impacts traders' income and consumers' purchasing power. This study aims to analyze the price risk of red chilies based on quality in traditional markets in Makassar City, focusing on Daya Market and Pabaeng-baeng Market. The data used are weekly price data for large red chilies and curly red chilies during a specific observation period. The analysis method used is the coefficient of variation (CV) to measure the level of risk and price stability relative to the average value. The results show that the price of large red chilies in both markets tends to be stable with a coefficient of variation of 0%, indicating no price fluctuations during the observation period. In contrast, curly red chilies show different price variations between markets, with a coefficient of variation of 10.16% in Daya Market and 3.67% in Pabaeng-baeng Market. These findings indicate that the price risk of curly red chilies is relatively higher, especially in Daya Market. This study is expected to be a consideration for traders, consumers, and local governments in formulating strategies to stabilize chili commodity prices in traditional markets.
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