The Farmer Exchange Rate (NTP) of Jambi Province in January 2024 is 142.21 (rose by 1.75%), while the Household Business Exchange Rate Jambi Province Agriculture (NTUP) was 143.89 (increase of 1,61% - BPS-Statistics Indonesia Muaro Jambi Regency

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The Farmer Exchange Rate (NTP) of Jambi Province in January 2024 is 142.21 (rose by 1.75%), while the Household Business Exchange Rate Jambi Province Agriculture (NTUP) was 143.89 (increase of 1,61%

Release Date : February 5, 2024
File Size : 1.22 MB

Abstract

  • Farmers’ Terms of Trade (FTT) is the ratio of the index of prices received by farmers (It) and the index of prices paid by farmers (Ib).
  • FTT is an indicator to measure the farmers’ purchasing power parity in rural areas. FTT shows the terms of trade of agricultural products with goods and services consumption and production costs.
  • In January 2024, Jambi Province FTT was 142.21 or increased by 1.75 percent compared with that in December 2023. The increase in FTT was due to the increase in the index of prices received by farmers (It) at 1.97  percent, while the index of prices paid by farmers (Ib) increased at 0.22 percent.
  • The price index of household consumption (IKRT) in January 2024 increased by 0.19 percent, which mainly was due to the increase in the indexes of Transportation group.
  • Jambi Province, Agriculture’s Terms of Trade (NTUP) was 143.89 in January 2024 or increased by 1.61 percent compared with December 2023.
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