The Sumatera Utara Province Farmers Exchange Rate in June 2023 was 122.19 - BPS-Statistics Indonesia Dairi Regency

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The Sumatera Utara Province Farmers Exchange Rate in June 2023 was 122.19

The Sumatera Utara Province Farmers Exchange Rate in June 2023 was 122.19Download Official Statistics News
Release Date : July 15, 2023
File Size : 3.61 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 June 2023, Sumatera Utara Province's NTP (2018=100) was recorded at 122.19 or decreased by 1.07 percent compared to May 2023's NTP, which was 123.51.
  • The decline in June 2023 NTP was caused by a decrease in three sub-sectors, namely the NTP in the Food Crops sub-sector by 0.70 percent, the NTP in the People's Plantation Plants sub-sector by 2.17 percent, and the NTP in the Fisheries sub-sector by 0.23 percent. Meanwhile, the NTP of two other sub-sectors experienced an increase, namely the NTP of the Horticulture sub-sector by 3.67 percent and the NTP of the Livestock sub-sector by 1.12 percent.
  • The Agricultural Household Business Exchange Rate (NTUP) for Sumatera UtaraProvince in June 2023 was 119.85 or decreased by 0.59 percent compared to the previous month's NTUP.
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