Development of the Bali Province Farmer Exchange Rate Index March 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 March 2024 was recorded at 105.52 or down 0.43 percent compared to the previous month's conditions. The decline in the NTP index was caused by an increase in the Price Index Received by Farmers (It) as high as 0.73 percent, lower than the increase in the Index Paid by Farmers (Ib) which was recorded as high as 1.16 percent.

Nationally, the NTP index was recorded at 119.39 or down 1.31 percent compared to the previous month. In March 2024, the Riau Province NTP Index recorded the highest increase in NTP, amounting to 3.98 percent. In contrast, Central Java Province's NTP recorded the deepest decline, amounting to -4.85 percent.

The Bali Province Household Consumption Index (IKRT) in March 2024 was recorded at 124.39 or an increase of 1.64 percent compared to the previous month's conditions.
The Agricultural Household Business Exchange Rate (NTUP) for Bali Province in March 2024 was recorded at 110.96 or an increase of 0.68 percent compared to the previous month's NTUP.