Farmer's Exchange Rate Index (NTP) is the ratio of the price index received by farmers (It) to the index of price paid by farmers (Ib).
NTP is one indicator to see the level of ability/purchasing power of farmers in rural areas. NTP also shows the terms of trade of agricultural products with goods and services consumed as well as for production costs.
The Bali Province NTP Index in November 2021 was 94.03, up 0.68 percent compared to the previous month. The increase in the NTP index was due to the Price Index Received by Farmers (It) increased by 1.02 percent, higher than the increase in the Index Paid by Farmers (Ib) of 0.35 percent.
The NTP index for the January–November 2021 period in Bali Province was recorded at 92.67 with an It value of 99.61 and an Ib value of 107.50. This value has decreased by 1.77 percent compared to the same period in 2020.
Nationally, the NTP index was recorded at 107.18, up 0.49 percent compared to the previous month. In November 2021, the Jambi Province's NTP Index experienced the highest increase (2.72 percent) compared to the increase in the NTP index of other provinces. On the other hand, the West Papua Province's NTP Index experienced the deepest decline (-0.81 percent) compared to other provinces' NTP declines.
Judging from the Household Consumption Index (IKRT) of Bali Province, in November 2021 there was an increase of 0.39 percent.
The Bali Province Agricultural Household Exchange Rate (NTUP) in November 2021 was 93.45, up 0.78 percent compared to the previous month's NTUP.
