June 2024, the exchange rate of Sulawesi Barat farmers was 148.56. Up 3.77 % compared to April 2024

The farmer exchange rate (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 April 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 June 2024 was 148.56 or an increase of 3.77 percent compared to NTP in May 2024 which was 143.16. The increase in NTP is caused by an increase in It which is faster than an increase in Ib. It recorded an increase of 4.14 percent and Ib increased by 0.35 percent.

NTP by subsector was recorded for the Food Crops Subsector (NTP-P) 101.84; Horticulture Subsector (NTP-H) 105.38; Community Plantation Plantation Subsector (NTP-R) 195.72; Livestock Subsector (NTP-T) 94.52; and Fisheries Subsector (NTN-P) 100.89.