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The Farmer Exchange Rate of Sumatera Utara Province in November 2024 is 145.77

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Release Date	:	December 2, 2024
File Size	:	3.49 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 November 2024, the NTP of North Sumatra Province (2018=100) was recorded at 145.77 or an increase of 3.10 percent compared to the NTP in October 2024, which was 141.39.

The increase in the NTP in November 2024 was due to an increase in the NTP of the Smallholder Plantation Crops sub-sector by 5.42 percent. Meanwhile, the NTP of four other subsectors decreased, namely the NTP of the Food Crops subsector by 0.75 percent, the NTP of the Horticulture subsector by 1.43 percent, the NTP of the Livestock subsector by 0.25 percent, and the NTP of the Fisheries subsector by 0.11 percent.

The Agricultural Household Business Exchange Rate (NTUP) of North Sumatra Province in November 2024 was 144.49 or an increase of 3.37 percent compared to the NTUP of the previous month.

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