Sumatera Utara Province

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BPS Integrated Statistics Service for North Sumatra Province on Jl. Asrama no. 179, Medan, 20123, email [email protected] with the subject Data Request

Sumatera Utara's Farmer Exchange Rate November 2023 amounting to 127.81.

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Release Date	:	December 1, 2023
File Size	:	3.49 MB

Abstract

Farmer Exchange Rate (NTP) is a comparison of the price index received by farmers (It) to the price index paid by farmers (Ib).

NTP is an 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 for goods and services consumed and for production costs.

In November 2023, the NTP for North Sumatra Province (2018=100) was recorded at 127.81 or an increase of 0.81 percent compared to the NTP in October 2023, which was 126.79.

The increase in NTP in November 2023 was caused by an increase in the NTP of two subsectors, namely the NTP in the Horticulture subsector by 5.59 percent and the NTP in the People's Plantation Subsector by 1.48 percent. Meanwhile, the NTP for three other subsectors experienced a decline, namely the NTP for the Food Crops subsector by 1.14 percent, the NTP for the Livestock subsector at 1.46 percent, and the NTP for the Fisheries subsector at 0.96 percent.

The Agricultural Household Business Exchange Rate (NTUP) for North Sumatra Province in November 2023 was 126.73 or an increase of 1.76 percent compared to the previous month's NTUP.

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