NTB, February 2019: Farmer Exchange Rate decreased by 0.42 percent

The calculation of farmer terms of trade (FTT) was based on the base year 2012=100.  In February 2019, the value of farmer terms of trade by sub sector as follows: food crops about 117,09, horticulture about 80,38; smallholders estate crops about 91,58; animal husbandry about 126,62; and fishery about 108,02. Farmer terms of trade of fishery can be distinguished into two types which are capture fishery and aquaculture fishery about 116,68 and 94,08, respectively. All in all, farmer terms of trade in February 2019 documented at 110,32, decreased about 0,42 percent compared to its value in the previous month which was about 110,79 percent.

Agricultural terms of trade in February 2019 was around 118,49, decreased by 1,04 percent compared to last month that was around 119,77 percent. Majority of agricultural terms of trade reached the value above 100 except for horticulture which only amounted of 89,94 percent. The agricultural terms of trade of other sub sectors were animal husbandry (137,45); food crops (122,28); fishery (118,70); and smallholders estate crops (100,56).

Of 33 province, 15 provinces experienced an increase decrease in the value of its farmer terms of trade meanwhile the rest experienced otherwise. The highest increase occurred in Riau of 1,58 percent, while the highest decrease occurred in Sulawesi Tengah of -1,47 percent.

In February 2019, Nusa Tenggara Barat experienced rural deflation about 0,55 percent. This was due to the decreasing value of Household Consumption Indices (IKRT) of the following expenditure groups: foodstuff about -1,31 percent and housing about -0,03 percent.