The Farmers' Exchange Rate for North Sumatra Province in July 2023 was 122.33 - BPS-Statistics Indonesia Sumatera Utara Province

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 Farmers' Exchange Rate for North Sumatra Province in July 2023 was 122.33

Release Date : August 1, 2023
File Size : 3.63 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 exchange power (terms of trade) of agricultural products with goods and services consumed as well as for production costs.
  • In July 2023, the NTP for North Sumatra Province (2018=100) was recorded at 122.33, up 0.11 percent compared to the NTP in June 2023, which was 122.19.
  • The increase in July 2023 NTP was caused by an increase in three sub-sectors, namely the NTP in the Food Crops sub-sector by 0.14 percent, the NTP in the Horticulture sub-sector by 1.52 percent, and the NTP in the People's Plantation Plants sub-sector by 0.19 percent. Meanwhile, the NTP of two other sub-sectors experienced a decline, namely the NTP of the Livestock sub-sector by 1.29 percent and the NTP of the Fisheries sub-sector by 0.52 percent.
  • The Agricultural Household Business Exchange Rate (NTUP) for North Sumatra Province in July 2023 was 120.18, an increase of 0.28 percent compared to the previous month's NTUP.
  • Badan Pusat Statistik

    BPS-Statistics Indonesia

    Badan Pusat Statistik Provinsi Sumatera Utara (Statistics of Sumatera Utara Province)

    Jl. Asrama No. 179 Medan 20123 Indonesia

    Telp (62-61) 8452343

    Faks (62-61) 8452773

    Mailbox : pst1200@bps.go.id

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