NTP Increase 0.82%
NTP is an indicator to see the level of ability / purchasing power of farmers in rural areas. NTP also shows the exchange power (term of trade) from the prices of agricultural products with goods and services consumed as well as for production costs.
The Farmer Exchange Rate (NTP) in September rose 0.82% compared to August 2020. The increase in NTP was due to the Price Index Received by Farmers (It) which rose 0.79%, which was higher than the Price Index Paid by Farmers (Ib) which fell 0.03%. The increase in NTP in September 2020 was influenced by the increase in NTP in three sub-sectors, food crops 1.42%, plantations 1.80% and fisheries 0.79%. Meanwhile, two other sub-sectors experienced a decrease in index, namely Horticulture, which fell 0.29% and Animal Husbandry, which decreased by 0.82%. The trend of increasing NTP began to appear since August where NTP rose 0.22 percent. This upward trend shows that farmers' purchasing power has begun to improve during the Covid-19 pandemic.
The increase in NTP in the Food Crops Subsector was supported by the increase in the price of Harvested Dried Unhulled Grain (GKP) at both the farm and mill levels. The average price of GKP at the farm level is IDR 4,706.48 and IDR 4,766.01 at the mill. Meanwhile, the average price of milled dry unhulled rice (GKG) at the farmer level is Rp 5,312.10 and milling is Rp 5,382.34. Both experienced an increase compared to August 2020, but when compared to September 2019 the price of grain, both GKG and GKP, decreased.
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