Farmers' Exchange Rate Falls to 102.93 as of April 2021

The Central Statistics Agency (BPS) recorded Indonesia's farmer exchange rate (NTP) at 102.93 in April 2021, down 0.35% compared to the previous month's 103.29. The decrease in NTP was due to a 0.1% decrease in the index of prices received by farmers, while the index of prices paid by farmers increased by 0.25%.

The decrease in NTP in April 2021 was influenced by a decline in NTP in the food crop subsector (1.18%) and the horticulture subsector (2.62%). Meanwhile, the NTP in the people's plantation crops, livestock, and fisheries subsectors increased by 0.89%, 1.31%, and 0.99%, respectively.

NTP is the ratio of the index of prices received by farmers to the index of prices paid by farmers. NTP is one indicator for assessing the ability or purchasing power of farmers in rural areas. Furthermore, NTP indicates the exchange value of agricultural products for goods and services consumed for production costs.