Development of the Bali Province Farmer Exchange Rate Index January 2024

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

NTP is an indicator to see the level of ability/purchasing power of farmers in rural areas. NTP also shows the exchangeability (terms of trade) of agricultural products for goods and services consumed and for production costs.

The Bali Province NTP Index for January 2024 was recorded at 103.59 or an increase of 0.66 percent compared to conditions in the previous month. The increase in the NTP index was caused by an increase in the Price Index Received by Farmers (It) as high as 0.68 percent, higher than the increase in the Index Paid by Farmers (Ib) which was recorded as high as 0.01 percent.

Nationally, the NTP index was recorded at 118.27 or an increase of 0.43 percent compared to the previous month. In January 2024, the North Sulawesi Province NTP Index recorded the highest increase in NTP, amounting to 2.69 percent. In contrast, North Kalimantan Province's NTP recorded the deepest decline, amounting to -1.05 percent.

The Bali Province Household Consumption Index (IKRT) in January 2024 was recorded at 121.24 or a decrease of 0.14 percent compared to the previous month's conditions.

The Agricultural Household Business Exchange Rate (NTUP) for Bali Province in January 2024 was recorded at 107.13 or an increase of 0.38 percent compared to the previous month's NTUP.