The North Sumatra Province Farmer's Exchange Rate in August 2021 is 117.92

Download Official Statistics News Download Presentation

Release Date	:	September 1, 2021
File Size	:	1.57 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 (terms of trade) of agricultural products with goods and services consumed as well as for production costs.

• In August 2021, the NTP of North Sumatra Province (2018=100) was recorded at 117.92 or an increase of 1.85 percent compared to the NTP of July 2021, which was 115.78.

• The increase in FTT in August 2021 was due to an increase in FTT in three sub-sectors, namely the FTT for the Food Crops sub-sector by 0.63 percent, the NTP for the People's Plantation Sub-sector by 3.68 percent and the NTP for the Fisheries sub-sector by 0.96 percent. Meanwhile, the NTP of the other two sub-sectors decreased, namely the NTP of the Horticulture sub-sector by 2.38 percent and the NTP of the Livestock Sub-sector by 1.16 percent.

• Changes in the Household Consumption Index (IKRT) reflect the rate of rural inflation/deflation. In August 2021, there was a rural deflation in North Sumatra of 0.09 percent.

• The Agricultural Household Business Exchange Rate (NTUP) of North Sumatra Province in August 2021 was 118.44 or an increase of 1.48 percent. compared to the previous month's NTUP.

Related Official Statistics News