Auction Market Dynamics and Chili Supply Chain Performance in Yogyakarta

Abstract

This study delves into the supply chain intricacies of chili in Yogyakarta, a major determinant in recent inflation trends. Utilizing a quantitative approach, data were garnered from 53 key stakeholders encompassing farmers, traders, and auction market managers. The chili supply chain was delineated into four principal stages: farmers, assembly points, auction markets, and traders, underpinning three core flows - product, monetary transactions, and information dissemination. Noteworthy findings highlight an exemplary performance of the chili supply chain, marked by high responsiveness, agility, and commendable asset management efficiency. Interestingly, an intertwined price dynamic was observed: the Yogyakarta auction market's chili prices mirror those of the Jakarta market, and vice versa. The implications of these insights can be pivotal for devising strategies to ensure price stability and bolstering food security, emphasizing the potential role of auction markets as integral mechanisms in stabilizing commodity prices.

Keywords

• chili supply chain
• inflation trends
• auction markets
• price dynamics
• food security