The North Sumatra Province Farmer's Exchange Rate in September 2021 is 120.61 - BPS-Statistics Indonesia Deli Serdang Regency

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The North Sumatra Province Farmer's Exchange Rate in September 2021 is 120.61

The North Sumatra Province Farmer's Exchange Rate in September 2021 is 120.61Download Official Statistics News
Release Date : January 28, 2022
File Size : 2.9 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 of agricultural products with goods and services consumed as well as for production costs.
  • In September 2021, the NTP of North Sumatra Province (2018=100) was recorded at 120.61 or an increase of 2.28 percent compared to the FTT in August 2021, which was 117.92.
  • The increase in FTT in September 2021 was due to an increase in FTT in three sub-sectors, namely the FTT for the Food Crops sub-sector by 0.29 percent, the NTP for the Horticulture sub-sector by 2.57 percent, and the NTP for the People's Plantation Sub-sector by 3.88 percent. Meanwhile, the NTP of the other two sub-sectors decreased, namely the NTP of the Livestock Sub-sector by 0.56 percent and the FTT of the Fisheries sub-sector by 0.95 percent.
  • Changes in the Household Consumption Index (IKRT) reflect the rate of rural inflation/deflation. In September 2021, rural inflation in North Sumatra was 0.04 percent.
  • The Agricultural Household Business Exchange Rate (NTUP) of North Sumatra Province in September 2021 was 120.88 or an increase of 2.06 percent compared to the previous month's NTUP.


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