July 2020, Value of Farmer Terms of Trade in Sulawesi Barat amounting to 104.76

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July 2020, Value of Farmer Terms of Trade in Sulawesi Barat amounting to 104.76

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Release Date	:	August 4, 2020
File Size	:	0.4 MB

Abstract

• From January 2020 to amend the base year in calculating the Index Received by Farmers (It) and the Prices Paid Index Farmers (Ib) of the base year 2012 = 100 to the base year 2018 = 100. Both types of indexes is an important component in the calculation of Farmer (NTP). Changes in the base year is done to adapt to the changing patterns of production, costs of production, and consumption of agricultural households in rural areas. In the base year 2018 = 100 increased coverage of commodities either on the package or Ib commodity It compared with the base year 2012 = 100.

• NTP is a comparison against lb. It used to demonstrate the power exchange (terms of trade) of agricultural products with the goods and services consumed as well as to the cost of production. The higher the NTP, in relative terms the stronger levels of ability / farmers’ purchasing power.

• NTP Sulawesi Barat July 2020 at 104.76, up 0.40 percent compared to June 2020. The increase NTP NTP because It rose by 0.60 per cent and Ib rose by 0.20 percent.

• NTP by subsector recorded for food crops subsector (NTP-P) 97.50; Horticulture Subsector (NTP-H) 109.56; Smallholder Crop Subsector (NTP-R) 110.33; Livestock Subsector (NTP-T) 100.04; and Fisheries Subsector (NTN) 100.01.

• For a national scale, NTP Month July 2020 amounted to 100.09; increased by 0.49 percent compared to the Moon in June 2020, and deflation of 0.13 percent rural.”

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