Sumatera Utara Province

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BPS Integrated Statistics Service for North Sumatra Province on Jl. Asrama no. 179, Medan, 20123, email pst1200@bps.go.id with the subject Data Request

The Sumatera Utara Province Farmer's Exchange Rate in August 2022 is 117.80

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Release Date	:	September 1, 2022
File Size	:	3.36 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 2022, the NTP of Sumatera Utara Province (2018=100) was recorded at 117.80, an increase of 8.22 percent compared to the NTP in July 2022, which was 108.85.

The increase in NTP in August 2022 was due to the increase in FTT in four sub-sectors, namely the FTT for the Food Crops sub-sector by 1.81 percent, the NTP for People's Plantations by 15.84 percent, the NTP for the Livestock sub-sector by 0.06 percent, and the NTP for the Fisheries sub-sector by 0.40. percent. Meanwhile, the NTP of the Horticulture subsector decreased by 3.83 percent.

Changes in the Household Consumption Index (IKRT) reflect the rate of rural inflation/deflation. In August 2022, there was a rural deflation in Sumatera Utara of 1.06 percent.

The Agricultural Household Business Exchange Rate (NTUP) of Sumatera Utara Province in August 2022 was 116.29, an increase of 7.23 percent compared to the previous month's NTUP.

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