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 April 2023 North Sumatra Province Farmer Exchange Rate was 126.42.

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Release Date	:	May 2, 2023
File Size	:	1.31 MB

Abstract

Farmers Terms of Trade (NTP) is a comparison of the price index received by farmers (It) to the price index 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 exchangeability (terms of trade) of agricultural products with goods and services consumed as well as for production costs.

In April 2023, Sumatera Utara Province's NTP (2018=100) was recorded at 126.42, down 0.77 percent compared to March 2023's NTP, which was 127.40.

The decline in April 2023 NTP was caused by a decrease in three sub-sectors' NTP, namely the Horticulture sub-sector by 3.48 percent, the People's Plantation Plants sub-sector NTP by 0.81 percent, and the Livestock sub-sector NTP by 1.65 percent. Meanwhile, the NTP of two other sub-sectors experienced an increase, namely the NTP of the Food Crops sub-sector by 0.31 percent and the NTP of the Fisheries sub-sector by 0.47 percent.

Changes in the Household Consumption Index (IKRT) reflect rural inflation/deflation rates. In April 2023, there was rural deflation in North Sumatra of 0.19 percent.

The Agricultural Household Business Exchange Rate (NTUP) for North Sumatra Province in April 2023 was 123.58 or decreased by 1.00 percent compared to the previous month's NTUP

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