North Sumatra Province Farmer's Exchange Rate in July 2021 is 115.78

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Release Date	:	August 2, 2021
File Size	:	1.99 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 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 July 2021, the NTP of North Sumatra Province (2018=100) was recorded at 115.78 or a decrease of 0.68 percent compared to the NTP of June 2021, which was 116.56.

• The decrease in FTT in July 2021 was due to a decrease in FTT in two sub-sectors, namely the FTT for the Food Crops sub-sector by 0.69 percent and the NTP for the People's Plantation Plant sub-sector by 1.02 percent. Meanwhile, the NTP of the other three sub-sectors experienced an increase, namely the NTP of the Horticulture sub-sector by 0.31 percent, the NTP of the Livestock Sub-sector by 0.09 percent, and the FTT of the Fisheries sub-sector by 0.19 percent.

• Changes in the Household Consumption Index (IKRT) reflect the rate of rural inflation/deflation. In July 2021, rural inflation in North Sumatra was 0.47 percent.

• The Agricultural Household Business Exchange Rate (NTUP) of North Sumatra Province in July 2021 was 116.72 or decreased by 0.48 percent. compared to the previous month's NTUP.

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