March 2024, Sulawesi Barat Farmers Term of Trade was 138.37. Up 2.41% compared to February 2024

NTP is the ratio of It to Ib which is used to show the exchangeability (terms of trade) of agricultural products for 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.

Starting February 2020, the base year was changed in calculating the Price Index Received by Farmers (It) and the Price Index Paid by Farmers (Ib) from the base year 2012=100 to the base year 2018=100. These two types of index are components in calculating the Farmer Exchange Rate (NTP). This change in base year was made to adjust to changes in production patterns, production costs and consumption of agricultural households in rural areas. In the base year 2018=100 there was an increase in the number of commodities in both It and Ib commodity packages compared to the base year 2012=100.

Sulawesi Barat's NTP in March 2024 was 138.37 or an increase of 2.41 percent compared to the NTP in February 2024 which was 135.10. The increase in NTP is caused by an increase in It which is faster than an increase in Ib. It was recorded as increasing by 3.51 percent and Ib by 1.07 percent.

NTP by subsector was recorded for the Food Crops Subsector (NTP-P) 107.83; Horticulture Subsector (NTP-H) 107.47; Community Plantation Plantation Subsector (NTP-R) 172.57; Livestock Subsector (NTP-T) 92.93; and Fisheries Subsector (NTN-P) 100.32.