The North Sumatra Province Farmer's Exchange Rate in November 2021 is 125.75 - BPS-Statistics Indonesia Padang Lawas Utara Regency

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

The North Sumatra Province Farmer's Exchange Rate in November 2021 is 125.75Download Official Statistics News
Release Date : December 1, 2021
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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