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Development of Farmers Exchange Rates and Grain Producer Prices 2020

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Release Date	:	May 4, 2020
File Size	:	0.46 MB

Abstract

Farmer Exchange Rate (NTP) obtained from the comparison of the price index received by farmers against the price index paid by farmers (in percentage), is one indicator to see the level of ability / purchasing power of farmers in rural areas. NTP also shows the exchange power (term of trade) of agricultural products with goods and services consumed as well as for production costs. The higher the FTT, the relatively stronger the level of ability / purchasing power of farmers, and vice versa. Based on monitoring of rural prices in North Sumatra Province in April 2020, the North Sumatra Province NTP decreased by 2.74 percent compared to March 2020, from 109.41 to 106.41. The April 2020 decline in FTT was caused by the decline in FTT in all subsectors, namely the FTT of the Food Crop subsector by 0.53 percent, the Horticultural Subsector FTT by 1.10 percent, the FTT of the Plantation Plantation subsector by 4.46 percent, the FTT of the Livestock subsector by 1, 83 percent, and Fisheries subsector NTP of 1.51 percent.

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BPS-Statistics Indonesia

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Development of Farmers Exchange Rates and Grain Producer Prices 2020