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Sumatera Utara Province Farmer Exchange Rate July 2024 is 134.23

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Release Date	:	August 1, 2024
File Size	:	3.5 MB

Abstract

Farmer Exchange Rate (NTP) is a comparison of the price index received by farmers (It) to the price index paid by farmers (Ib).

NTP is one of the indicators to see the level of ability/purchasing power of farmers in rural areas. NTP also shows the exchange rate (terms of trade) of agricultural products with goods and services consumed as well as for production costs.

In July 2024, the NTP of Sumatera Utara Province (2018=100) was recorded at 134.23 or an increase of 0.76 percent compared to the NTP in June 2024, which was 133.22.

The increase in the NTP in July 2024 was due to an increase in the NTP of two sub-sectors, namely the NTP of the Food Crops sub-sector by 0.62 percent and the NTP of the People's Plantation Crops sub-sector by 2.18 percent. Meanwhile, the NTP of the other three sub-sectors experienced a decline, namely the NTP of the Horticulture sub-sector by 7.66 percent, the NTP of the Livestock sub-sector by 1.00 percent, and the NTP of the Fisheries sub-sector by 0.56 percent.

The Agricultural Household Business Exchange Rate (NTUP) of North Sumatra Province in July 2024 was 133.35 or an increase of 0.01 percent compared to the NTUP of the previous month.

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