Factors that affect CPO prices of Thailand (Bangkok)
(CPO_T Price) at the period t include the volume of a oil palm
(QFFB_F) at the period t-1, CPO prices of Malaysia (CPO_M
Price) at the period t-1, the average CPO prices = the average
CPO prices in Krabi, Chumphon and Surat Thani (CPO_L
Price) at the period t-1, price of Biodiesel B166 (B100 Price)
at the period t-2, pure palm oil prices of Thailand (RPO_T
Price) at the period t-1, pure palm oil prices of Malaysia
(RPO_M Price) at the period t-2, the average income per
capita (GDP_Percapita) at the period t, and the price of oil
was used for cooking (Cooking Oil Price) at the period t. The
effects are as follows.