Sumatera Utara Province Farmer Exchange Rate August 2024 is 136.68

·     Farmer Exchange Rate (NTP) is a comparison of the price index received by farmers (It) to the price index paid by farmers (Ib).

·       NTP is one of the indicators to see the level of ability/purchasing power of farmers in rural areas. NTP also shows the exchange rate (terms of trade) of agricultural products with goods and services consumed as well as for production costs.

·       In August 2024, the NTP of North Sumatra Province (2018=100) was recorded at 136.68 or an increase of 1.83 percent compared to the NTP in July 2024, which was 134.23.

·       The increase in the NTP in August 2024 was due to an increase in the NTP of three sub-sectors, namely the NTP of the Food Crops sub-sector by 1.23 percent, the NTP of the People's Plantation Crops sub-sector by 2.93 percent, and the NTP of the Livestock sub-sector by 0.02 percent. Meanwhile, the NTP of the other two subsectors experienced a decline, namely the NTP of the Horticulture subsector by 3.08 percent and the NTP of the Fisheries subsector by 0.37 percent.

·       The Agricultural Household Business Exchange Rate (NTUP) of North Sumatra Province in August 2024 was 135.66 or an increase of 1.73 percent compared to the NTUP of the previous month.