Indonesia's Farmer Exchange Rate Rises to 106.67 in October 2021

The Central Statistics Agency (BPS) recorded a farmer exchange rate (NTP) of 106.67 in October 2021. This figure is up 0.93% compared to the previous month, which was 105.68.

The increase in NTP was due to the index of prices received by farmers (It) increasing by 0.91%. Meanwhile, the index of prices paid by farmers (Ib) decreased by 0.05%.

The increase in NTP in October 2021 was due to the index of prices received by farmers (It) increasing by 1.05%. Meanwhile, the index of prices paid by farmers (Ib) only increased by 0.12%.

Bengkulu experienced the highest increase in NTP compared to other provinces last month, namely 2.94%. Conversely, Gorontalo experienced the deepest decline in NTP nationally in October 2021, namely 1.21%.

NTP is one indicator for assessing the ability or purchasing power of farmers in rural areas. NTP also shows the terms of trade of agricultural products with goods and services consumed and for production costs.