Development of the Bali Provincial Farmers Exchange Rate Index in March 2020

Development of the Bali Provincial Farmers Exchange Rate Index in March 2020 Bali Provincial NTP Index in March 2020 rose as high as 0.48 percent, from 96.63 in February 2020 to 97.10. In terms of the index received by farmers (It) recorded rose as high as 0.16 percent, while the index paid by farmers (Ib) recorded down as deep as -0.32 percent.

In terms of its subsectors, three subsectors recorded an increase in the FTT index, namely the smallholder estate crops sub-sector, the food crops subsector and the fisheries subsector with increases of 1.64 percent, 1.09 percent and 0.79 percent respectively. While for the horticulture and animal husbandry subsector, it was recorded to decrease, respectively by -1.06 percent and -0.19 percent.

Bali Province Agriculture Exchange Rate Index (NTUP) in March 2020 was 97.90, up as high as 0.20 percent compared to the previous month which was 97.70.

In terms of its subsector, the highest increase in the NTUP index was recorded in the smallholder estate crops subsector, namely 1.34 percent, followed by the food crops subsector which rose as high as 0.55 percent and the fisheries subsector rose as high as 0.47 percent. On the other hand, the NTUP index of the horticulture and livestock subsectors was recorded down by -1.19 percent and -0.28 percent respectively.

In March 2020, the province of Bali experienced a rural deflation of -0.43 percent. Conversely, rural inflation nationwide was recorded as experiencing inflation, as high as 0.19 percent. The highest inflation was recorded in DI Yogyakarta Province (0.65 percent) and the lowest in East Nusa Tenggara Province (0.08 percent). Meanwhile, the deepest deflation was recorded in Bali Province, while the weakest was recorded in Maluku Province and Central Sulawesi Province each by -0.04 percent.