Farmers' Exchange Rate Increased Only 0.01% in January 2021

Agroindustry
1
Dwi Hadya Jayani 01/02/2021 14:50 WIB
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Farmer Exchange Rate (2019-2020)
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The Farmer Exchange Rate (NTP) in January 2021 was 103.26, only a 0.01% increase compared to the previous month. This increase is in line with the increase in the Index of Prices Received by Farmers (It) by 0.45% and the Index of Prices Paid by Farmers (Ib) by 0.44%. Nevertheless, the It value was higher than Ib, with 110.65 points compared to 107.16 points.

NTP is the ratio of It to Ib. This index is one indicator to observe the level of farmers' purchasing power in rural areas. NTP also shows the exchange value of agricultural products with goods and services consumed and for production costs.

Editor : Muhammad Ahsan Ridhoi

"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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