The Farmer Exchange Rate of Sumatera Utara Province in August 2020 was 108.53

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

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

In August 2020, the NTP of North Sumatra Province (2018 = 100) was recorded at 108.53, an increase of 1.58 percent compared to the NTP in July 2020, which was 106.84.

The increase in NTP in August 2020 was caused by an increase in NTP in two sub-sectors, namely the NTP of the Community Plantation Sub-sector by 3.52 percent, and NTP in the Fisheries Sub-sector by 0.59 percent. Meanwhile, the NTP of the Food Crops subsector decreased by 0.04 percent, the NTP of the Horticultural Crops subsector decreased by 1.86 percent, and the NTP of the Livestock subsector decreased by 0.14 percent.

Changes in the Household Consumption Index (IKRT) reflect the rural inflation / deflation rate. In August 2020, there was rural deflation in North Sumatra of 0.07 percent.

The Agricultural Household Business Exchange Rate (NTUP) of North Sumatra Province in August 2020 was 108.45, an increase of 1.51 percent compared to NTUP in the previous month.