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BPS: January 2020 Farmer Exchange Rate Up 0.3% to 108.67

Viva Budy Kusnandar 02/02/2022 15:20 WIB

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The Indonesian Farmers' Exchange Rate (NTP) composite index rose 0.3% to 108.67 in January 2022 from its December 2021 level.

Farmer Exchange Rate Index (FERI) January 2019 - January 2022

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BPS: January 2020 Farmer Exchange Rate Up 0.3% to 108.67

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Farmer Exchange Rate Index (FERI) January 2019 - January 2022

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Based on the price monitoring of rural areas conducted by the Central Bureau of Statistics (BPS) in 34 provinces in Indonesia, the combined farmer exchange rate (NTP) increased by 0.3% to 108.67 in January 2022 from its position in December 2021.

This increase in NTP was triggered by a higher increase in the price index of agricultural production compared to the increase in the price index of goods and services consumed by households. Furthermore, the increase in the price index of agricultural production was also greater than the increase in production costs and the addition of capital goods.

The increase in the combined NTP was supported by three agricultural sub-sectors: the food crop sub-sector, which increased by 0.98%; the people's plantation crop sub-sector, which increased by 0.27%; and the livestock sub-sector, which increased by 0.43%. Meanwhile, the horticulture sub-sector decreased by 2.95%, while the fisheries sub-sector stagnated.

For information, the starting point of the NTP index calculation is 2018=100. NTP is one indicator for measuring the level of farmers' welfare. An NTP above 100 indicates that farmers' welfare is better than the initial position of the index calculation. While an NTP below 100 indicates that farmers' welfare is lower than the initial position of the index calculation.

Of the 34 provinces, NTP in 20 provinces increased, 13 provinces decreased, and one province showed no change. Aceh province experienced the largest increase in NTP in January 2022, namely 1.74% compared to December 2021. Meanwhile, West Sulawesi province experienced the deepest decline, namely 1.93%.

Editor : Annissa Mutia

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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BPS: January 2020 Farmer Exchange Rate Up 0.3% to 108.67

BPS: January 2020 Farmer Exchange Rate Up 0.3% to 108.67

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BPS: January 2020 Farmer Exchange Rate Up 0.3% to 108.67

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