Farmers' Exchange Rate Rises to 104.68 in August 2021
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The Central Statistics Agency (BPS) recorded a farmer's exchange rate (NTP) of 104.68 in August 2021. This figure is up 1.16% compared to the previous month, which was 103.48.
The increase in NTP is due to the increase in the price index received by farmers being higher than that paid by farmers. The price index received by farmers was recorded at 113.04, up 1.17% compared to the previous month, which was 111.72.
Meanwhile, the price index paid by farmers was 107.99. This figure increased slightly by 0.01% compared to the previous month, which was 107.97.
The increase in NTP was also influenced by the increase in NTP in three agricultural sub-sectors. In detail, the food crop sub-sector increased by 1.39%, the people's plantation crops sub-sector by 2.9%, and the fisheries sub-sector by 0.58%. Meanwhile, the NTP for the horticultural crops and livestock sub-sectors decreased by 1.52% and 1.33%, respectively.
The province with the highest increase in NTP came from Bangka Belitung Islands, namely 3.68%. Conversely, the province with the deepest decline came from Riau Islands at 1.41%.
"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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