Mother’s Panic Buying Against Cooking Oil Scarcity in Palangka Raya

DOI

10.2991/978-94-6463-212-5_12How to use a DOI?

Keywords

Panic Buying; Cooking Oil Scarcity

Abstract

The purpose of this study is to describe the phenomenon of panic buying about the scarcity of cooking oil in Indonesia, especially in the Palangka Raya city. Cooking oil for the Indonesian people is one of the basic needs or is one of the basic necessities (nine basic ingredients) according to the decree of the Minister of Industry and Trade. In everyday life, cooking oil is consumed by almost all Indonesian people, both in urban and rural areas. The research method used is qualitative research methods, according to Sugiyono. Qualitative research methods are research used to investigate, describe, explain, find the quality or privilege of social influences that cannot be explained, measured or described through a quantitative approach. The conclusion is that the Government has set a national cooking oil price of Rp. 14 thousand per liter some time ago. As a result of this low price drop, many minimarkets experienced long queues and were damaged by customers scrambling to buy cooking oil. This is known as panic buying or the fear of something by buying something excessively. As a result, cooking oil is again scarce in the market. So in terms of consumer behavior, panic buying is not triggered by scarcity, but because the public perceives that there is no clear guarantee of the availability of the goods they need. This condition of uncertainty then creates feelings of being threatened and insecure. Suggestions that can be given It is hoped that producers will immediately accelerate the distribution of cooking oil and ensure that there are no stock vacancies at the level of traders and retailers. With this policy, the price of cooking oil can become more stable and affordable for the community, as well as remain profitable for traders, distributors and producers.

Copyright

© 2023 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - R. D. A. Gusti Astrid
AU  - Suryanto
AU  - Dyan Evita Santi
PY  - 2023
DA  - 2023/07/14
TI  - Mother’s Panic Buying Against Cooking Oil Scarcity in Palangka Raya
BT  - Proceedings of the 1st International Conference on Psychology and Health Issues (ICOPHI 2022)
PB  - Atlantis Press
SP  - 112
EP  - 118
SN  - 2468-5739
UR  - https://doi.org/10.2991/978-94-6463-212-5_12
DO  - 10.2991/978-94-6463-212-5_12
ID  - GustiAstrid2023
ER  -