Development of Farmer Terms of Trade of Riau Province in August 2022 - BPS-Statistics Indonesia Pekanbaru Municipality

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Development of Farmer Terms of Trade of Riau Province in August 2022

Development of Farmer Terms of Trade of Riau Province in August 2022Download Official Statistics News
Release Date : September 1, 2022
File Size : 1.37 MB

Abstract

Farmer's Exchange Rate (NTP) is the ratio of the price index received by farmers (It) to the index of price paid by farmers (Ib).
NTP is one indicator to see the level of ability/purchasing power of farmers in rural areas. NTP also shows the terms of trade (terms of trade) of agricultural products with goods and services consumed as well as for production costs. The higher the NTP, the relatively stronger the level of ability/purchasing power of farmers.
The NTP of Riau Province in August 2022 was 133.35, an increase of 12.63 percent compared to the NTP in July 2022 of 118.40. The increase in NTP was caused by an increase in the price index received by farmers by 11.60 percent while the price index paid by farmers decreased by 0.91 percent.
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