The Farmer's Exchange Rate (NTP) for East Java Province in December 2023 is 116.05 or an increase of 1.13 percent

Release Date	:	May 20, 2024
File Size	:	1.51 MB

Abstract

Farmer Exchange Rate (NTP) is a comparison of the price index received by farmers (It) to the price index paid by farmers (Ib).
NTP is an indicator to see the level of ability/purchasing power of farmers in rural areas. NTP also shows the exchangeability (terms of trade) of agricultural products for goods and services consumed and for production costs.
The East Java Farmer's Exchange Rate (NTP) in December 2023 rose 1.13 percent from 114.75 to 116.05. The increase in NTP was caused by the price index received by farmers (It) increasing by 1.62 percent, higher than the increase in the price index paid by farmers (Ib) of 0.49 percent.
In December 2023, three agricultural subsectors experienced an increase in NTP and two other subsectors experienced a decrease in NTP. The subsector that experienced the highest increase in NTP was the Horticulture subsector by 7.15 percent from 126.34 to 135.38, followed by the People's Plantation Crops subsector by 0.57 percent from 106.59 to 107.20, and the Food Crops subsector by 0.45 percent from 119.60 to 120.14. Meanwhile, the subsector that experienced the highest decline in NTP was the Fisheries subsector by 0.17 percent from 97.41 to 97.25, followed by the Livestock subsector by 0.14 percent from 102.62 to 102.48.
Of the five provinces on the island of Java that carried out NTP calculations in December 2023, four provinces experienced an increase in NTP and one province experienced a decrease in NTP. The highest increase in NTP was in West Java Province at 1.20 percent, followed by East Java at 1.13 percent, Central Java at 0.71 percent, and Banten at 0.18 percent. Meanwhile, the decline in NTP only occurred in the Yogyakarta Special Region Province by 0.01 percent.

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The Farmer's Exchange Rate (NTP) for East Java Province in December 2023 is 116.05 or an increase of 1.13 percent