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Farmers’ Terms of Trade January 2024 was 118.27 or rose 0.43 percent.

The Progress of Farmers' Terms of Trade Jan 2024

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Release Date	:	February 1, 2024
File Size	:	3.17 MB

Abstract

FTT is the ratio of the index of prices received by farmers (It) and the index of prices paid by farmers (Ib).
FTT is an indicator to measure the farmers’ purchasing power parity in rural areas. FTT shows the terms of trade of agricultural products with goods and services consumption and production costs.
In January 2024, national FTT was 118.27 or increased by 0.43 percent compared with that in December 2023. The increase in FTT was due to the increase in the index of prices received by farmers (It) at 0.69 percent, which was higher than the increase in the index of prices paid by farmers (Ib) at 0.26 percent.
In January 2024, Sulawesi Utara Province experienced the highest increase in FTT at 2.69 percent. On the other hand, Kalimantan Utara Province had the highest decrease in FTT at 1.05 percent.
The price index of household consumption (IKRT) in January 2024 increased by 0.20 percent in Indonesia, which was due to the increase in all indexes of expenditure groups.
Nationally, Agriculture’s Terms of Trade (NTUP) was 120.03 in January 2024 or increased by 0.28 percent compared with December 2023.

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