January 2025, the exchange rate of Sulawesi Barat farmers was 154.26. Decreased 2.54% compared to December 2024

Release Date	:	February 3, 2025
File Size	:	0.98 MB

Abstract

NTP is the ratio of IT comparison of 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 in January 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 NTP in January 2025 was 154.26 or down 2.54 percent compared to NTP in December 2024 which was 158.28. The decrease in NTP was caused by a decrease in It of 2.47 percent while Ib was recorded as increasing by 0.07 percent.
NTP by subsector was recorded for the Food Crops Subsector (NTP-P) 104.30; Horticulture Subsector (NTP-H) 104.41; Community Plantation Crops Subsector (NTP-R) 205.84; Livestock Subsector (NTP-T) 94.85; and Fisheries Subsector (NTN-P) 99.23.

Related Official Statistics News

January 2023, the exchange rate of Sulawesi Barat farmers is 116.44. Down 1.78% compared to December 2022

December 2023, the exchange rate of Sulawesi Barat farmers was 129.60. Up 1.23% compared to November 2023

December 2022, the exchange rate of Sulawesi Barat farmers is 118.55. Down 2.47% compared to November 2022

February 2024, the exchange rate of Sulawesi Barat farmers is 135.10. Up 4.34% compared to January 2024

July 2024, the exchange rate of Sulawesi Barat farmers was 146.99. Decrease 1.06 % compared to June 2024

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