The North Sumatra Province Farmer's Exchange Rate in May 2021 is 118.58 - BPS-Statistics Indonesia Humbang Hasundutan Regency

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The North Sumatra Province Farmer's Exchange Rate in May 2021 is 118.58

The North Sumatra Province Farmer's Exchange Rate in May 2021 is 118.58Download Official Statistics News
Release Date : June 2, 2021
File Size : 1.91 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 (terms of trade) of agricultural products with goods and services consumed as well as for production costs.
  • In May 2021, the NTP of North Sumatra Province (2018=100) was recorded at 118.58, an increase of 0.89 percent compared to the NTP in April 2021, which was 117.53.
  • The increase in NTP in May 2021 was due to an increase in FTT in four sub-sectors, namely the NTP for the Food Crops sub-sector by 0.84 percent, the NTP for the People's Plantation Sub-sector by 1.53 percent, the NTP for the Livestock sub-sector by 1.44 percent, and the NTP for the Fisheries Sub-sector by 0. 58 percent. Meanwhile, the NTP of the Horticulture subsector decreased by 3.80 percent.
  • Changes in the Household Consumption Index (IKRT) reflect the rate of rural inflation/deflation. In May 2021, there will be a rural deflation in North Sumatra of 0.05 percent.
  • The Agricultural Household Business Exchange Rate (NTUP) of North Sumatra Province in May 2021 was 119.72 or an increase of 0.69 percent. compared to the previous month's NTUP.
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