The North Sumatra Province Farmer's Exchange Rate in June 2021 is 116.56

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Release Date	:	July 1, 2021
File Size	:	1.86 MB

Abstract

• Farmer's Exchange Rate (NTP) is the ratio of the price index received by farmers (It) to the index of price paid by farmers (Ib).

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

• In June 2021, the NTP of North Sumatra Province (2018=100) was recorded at 116.56, down 1.70 percent compared to the NTP in May 2021, which was 118.58.

• The decrease in FTT in June 2021 was due to a decrease in FTT in three sub-sectors, namely the NTP for the Horticulture sub-sector by 2.98 percent, the NTP for the People's Plantation Sub-sector by 3.03 percent, and the NTP for the Fisheries sub-sector by 0.19 percent. Meanwhile, the NTP of the other two sub-sectors experienced an increase, namely the FTT of the Food Crops sub-sector by 0.32 percent and the NTP of the Livestock Sub-sector by 0.97 percent.

• Changes in the Household Consumption Index (IKRT) reflect the rate of rural inflation/deflation. In June 2021, there will be a rural deflation in North Sumatra of 0.23 percent.

• The Agricultural Household Business Exchange Rate (NTUP) of North Sumatra Province in June 2021 was 117.27 or decreased by 2.04 percent. compared to the previous month's NTUP.

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