The Jambi Province Farmer Exchange Rate (NTP) in December 2023 was 139.77 (up 0.75 percent), while the Jambi Province Agricultural Household Business Exchange Rate (NTUP) was 141.60 (up 1.33 percent) - BPS-Statistics Indonesia Merangin Regency

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The Jambi Province Farmer Exchange Rate (NTP) in December 2023 was 139.77 (up 0.75 percent), while the Jambi Province Agricultural Household Business Exchange Rate (NTUP) was 141.60 (up 1.33 percent)

Release Date : January 2, 2024
File Size : 0.98 MB

Abstract

  • Farmers’ Terms of Trade (FTT) is the ratio of the index of prices received by farmers (It) and the index of prices paid by farmers (Ib). 
  • FTT is an indicator to measure the farmers’ purchasing power parity in rural areas. FTT shows the terms of trade of agricultural products with goods and services consumption and production costs.
  • In Desember 2023, Jambi Province FTT was 139.77 or increased by 0.75 percent compared with that in November 2023. The increase in FTT was due to the increase in the index of prices received by farmers (It) at 1.38 percent, while the index of prices paid by farmers (Ib) increased at 0.62 percent. 
  • The price index of household consumption (IKRT) in Desember 2023 increased by 0.77 percent, which was due to the increase in the indexes of Food, Beverage and Tobacco group.
  • Jambi Province, Agriculture’s Terms of Trade (NTUP) was 141.60 in Desember 2023 or increased by 1.33 percent compared with November 2023.
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