The Exchange Rate of Farmers in Sumatera Utara Province in May 2020 was 104.50

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Release Date	:	June 2, 2020
File Size	:	0.45 MB

Abstract

• Farmer Exchange Rate (NTP) is a comparison of the price index received by farmers (It) against the price index paid by farmers (Ib).

• FTT is one indicator to see the level of ability / purchasing power of farmers in rural areas. NTP also shows the exchange power (terms of trade) of agricultural products with goods and services consumed as well as for production costs.

• In May 2020, the NTP of Sumatera Utara Province (2018 = 100) was recorded at 104.50 or decreased by 1.79 percent compared to the April 2020 NTP of 106.41.

• The decline in FTT in May 2020 was caused by the decline in FTT in two subsectors, namely the FTT of the Horticultural Plants subsector by 2.66 percent, and the FTT of the People's Plantation Plant subsector by 3.76 percent. While the NTP of the Food Crop subsector increased by 0.50 percent, and the Farmers' NTP subsector rose by 1.69 percent.

• Changes in the Household Consumption Index (IKRT) reflect the rural inflation / deflation rate. In May 2020, there was rural inflation in Sumatera Utara of 0.18 percent. This was caused by the rise in all indexes of household consumption groups (11 household consumption groups).

• The Sumatera Utara Province Agricultural Exchange (NTUP) in North 2020 was 105.05, down 1.69 percent compared to NTUP in the previous month.

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