The Farmer Exchange Rate of North Sumatra Province, February 2021, was 114.69

Release Date	:	March 1, 2021
File Size	:	1.42 MB

Abstract

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Abstraction

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

• NTP is an indicator to determine the level of ability / purchasing power of rural farmers. NTP also shows the terms of trade of agricultural products with goods and services consumed as well as for production costs.

• In February 2021, the NTP of North Sumatra Province (2018 = 100) was recorded at 114.69 or down 0.23 percent compared to the NTP for January 2021, which was 114.96.

• The decline in NTP in February 2021 was caused by the decline in NTP in two sub-sectors, namely the NTP of the Horticulture sub-sector, a decrease of 0.52 percent and the NTP of the People's Plantation sub-sector by 0.75 percent. Meanwhile, three other sub-sectors experienced an increase, namely the NTP of the Food Crops sub-sector by 0.61 percent, NTP of the Animal Husbandry sub-sector by 0.10 percent, and NTP of the fisheries subsector by 1.73 percent.

• Changes in the Household Consumption Index (IKRT) reflect the rural inflation / deflation rate. In February 2021, there was rural inflation in North Sumatra of 0.08 percent.

• The North Sumatra Province Agricultural Household Business Exchange Rate (NTUP) February 2021 amounted to 116.64 or decreased by 0.27 percent.

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