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The North Sumatra Province Farmer's Exchange Rate in November 2021 is 125.75

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Release Date	:	January 3, 2022
File Size	:	2.85 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 November 2021, the NTP of North Sumatra Province (2018=100) was recorded at 125.75, an increase of 2.06 percent compared to the NTP of October 2021, which was 123.21.

The increase in NTP in November 2021 was due to an increase in FTT in four sub-sectors, namely the FTT for the Food Crops sub-sector by 0.13 percent, the NTP for the Horticulture sub-sector by 1.45 percent, the NTP for the People's Plantation Crops sub-sector by 3.66 percent, and the NTP for the Fisheries sub-sector by 0. 27 percent. Meanwhile, the NTP of the Livestock sub-sector decreased by 1.38 percent.

Changes in the Household Consumption Index (IKRT) reflect the rate of rural inflation/deflation. In November 2021, rural inflation in North Sumatra was 0.45 percent.

The Agricultural Household Business Exchange Rate (NTUP) of North Sumatra Province in November 2021 was 125.28, an increase of 1.82 percent compared to the previous month's NTUP.

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