November 2024, the exchange rate of Sulawesi Barat farmers was 151.77. Increased 2.79% compared to October 2024

The exchange rate of farmers (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 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 to calculate 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 to calculate 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.

The NTP for Sulawesi Barat in November 2024 was 151.77 or an increase of 2.79 percent compared to the NTP in October 2024 which was 147.65. The rise in NTP was caused by an increase in It of 2.63 percent, while Ib was recorded to have decreased by 0.15 percent.

NTP by subsector was recorded for the Food Crops Subsector (NTP-P) 103.51; Horticulture Subsector (NTP-H) 109.04; Community Plantation Plantation Subsector (NTP-R) 201.15; Livestock Subsector (NTP-T) 95.37; and Fisheries Subsector (NTN-P) 97.87.