NTB, November 2019: Farmers Exchange Rate Rised by 0.47 Percent

The calculation of farmer terms of trade (FTT) was based on the base year 2012=100.  In November 2019, the value of farmer terms of trade by sub sector as follows: food crops about 122,77, horticulture about 81,26; smallholders estate crops about 93,20; animal husbandry about 137,12; and fishery about 109,51. Farmer terms of trade of fishery can be distinguished into two types which are capture fishery and aquaculture fishery about 118,64 and 94,77, respectively. All in all, farmer terms of trade in November 2019 documented at 115,81, increased about 0,47 percent compared to its value in the previous month which was about 115,27 percent.

Agricultural terms of trade in November 2019 was 123,46 percent, increased by 0,90 percent compared to the last month that was 122,36 percent. Majority of agricultural terms of trade reached the value above 100 except for horticulture which only amounted of 89,97 percent. The agricultural terms of trade of other sub sectors were as follows: animal husbandry (147,72); food crops (127,36); fishery (121,23); and smallholders estate crops (101,37).

Of 33 province, 18 provinces experienced an increase in the value of its farmer terms of trade meanwhile the rest experienced otherwise. The highest increase occurred in Riau of 2,34 percent, while the highest decrease occurred in Gorontalo of -3,07 percent.

In November 2019, Nusa Tenggara Barat experienced rural inflation about 0,51 percent. This was due to increasing value of Household Consumption Indices (IKRT) of all expenditure groups except for education, recreation and sport.