Farmer Exchange Rate (NTP) for February 2020 is 107.96

Farmer terms of trade (FTT) is the ratio between the indices of price received by farmers (It) and the indices of the price paid by farmers.

FTT can be interpreted as an indicator to observe the purchasing power parity of farmers in the rural area. FTT also shows the terms of trade between agricultural products and consumption of goods and services as well as production cost.

FTT in February 2020 was 107,96, increased by 0,73 percent compared to the previous month. The increase occurred because the indices of price received by farmers (0,96 percent) rose higher than the indices of price paid by the farmers (0,23 percent).

The value of farmer terms of trade by sub sector as follows: food crops about 109,33, horticulture about 111,89; smallholders estate crops about 97,12; animal husbandry about 99,67; and fishery about 107,26.

In February 2020, there was inflation in the rural area in Nusa Tenggara Barat about 0,13 percent. This was due to increasing value of Household Consumption Indices (IKRT) of all expenditure groups except for housing, water, electricity and other household fuel.

Agricultural terms of trade in February 2020 was 108,53 percent, increased by 0,59 percent compared to the last month that was 107,89 percent. Majority of agricultural terms of trade reached the value above 100 except for smallholder’s estate crops which only amounted of 96,65 percent. The agricultural terms of trade of other sub sectors were as follows: food crops (110,50); horticulture 111,18); animal husbandry (106,71); and fishery (101,67).