The North Sumatra Province Farmer's Exchange Rate in June 2021 is 116.56 - BPS-Statistics Indonesia Dairi Regency

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The North Sumatra Province Farmer's Exchange Rate in June 2021 is 116.56

The North Sumatra Province Farmer's Exchange Rate in June 2021 is 116.56Download Official Statistics News
Release Date : July 2, 2021
File Size : 1.86 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 June 2021, the NTP of North Sumatra Province (2018=100) was recorded at 116.56, down 1.70 percent compared to the NTP in May 2021, which was 118.58.
  • The decline in NTP in June 2021 was due to a decrease in FTT in three sub-sectors, namely the NTP of the Horticulture sub-sector by 2.98 percent, the NTP of the People's Plantation Sub-sector by 3.03 percent, and the NTP of the Fisheries sub-sector by 0.19 percent. Meanwhile, the NTP of the other two sub-sectors experienced an increase, namely the FTT of the Food Crops sub-sector by 0.32 percent and the NTP of the Livestock Sub-sector by 0.97 percent.
  • Changes in the Household Consumption Index (IKRT) reflect the rate of rural inflation/deflation. In June 2021, there will be a rural deflation in North Sumatra of 0.23 percent.
  • The Agricultural Household Business Exchange Rate (NTUP) of North Sumatra Province in June 2021 was 117.27 or decreased by 2.04 percent. compared to the previous month's NTUP.
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