Farmers' Terms of Trade (FTT) July 2024 was 119.61 or increased 0.70 percent and the price of premium quality rice at the huller level decreased by 2.63 percent.

Release Date	:	August 1, 2024
File Size	:	3.31 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 July 2024, national FTT was 119.61 or increased by 0.70 percent compared with that in June 2024. The increase in FTT was due to the increase in the index of prices received by farmers (It) at 0.31 percent, while the decrease in the index of prices paid by farmers (Ib) at 0.39 percent.
In July 2024, Bengkulu Province had the highest increase in FTT at 3.48 percent. On the other hand, Sulawesi Tengah Province experienced the highest decrease in FTT at 4.69 percent.
The price index of household consumption (IKRT) in July 2024 decreased by 0.54 percent in Indonesia, which was due to the decrease in food, beverage, and tobacco groups.
Nationally, Agriculture's Terms of Trade (NTUP) was 122.25 in July 2024 or increased by 0.29 percent compared with June 2024.

Related Official Statistics News

Farmers Terms Of Trade (FTT) June 2024 Was 118.77 Or Increased 1.77 Percent And The Price Of Premium Quality Rice At The Huller Level Decreased By 0.75 Percent.

Farmers Terms Of Trade (FTT) May 2024 Was 116.71 Or Fell 0.06 Percent. Dried Harvested Grain (GKP) Price At The Farmer Level Increased By 2.73 Percent And The Price Of Premium Quality Rice At The Huller Level Decreased By 3.79 Percent.

Farmers Terms Of Trade (FTT) July 2023 Was 110.64 Or Rose At 0.21 Percent. Dried Harvested Grain (GKP) Price At The Farmer Level Increased By 1.55 Percent And The Price Of Premium Quality Rice At The Huller Level Increased By 0.11 Percent.

Farmers Terms Of Trade (FTT) May 2023 Was 110.20 Or Fell 0.34 Percent. Dried Harvested Grain (GKP) Price At The Farmer Level Increased By 3.37 Percent And The Price Of Premium Quality Rice At The Huller Level Decreased By 0.42 Percent.

Farmers Terms Of Trade (FTT) February 2024 Was 120.97 Or Rose 2.28 Percent. Dried Harvested Grain (GKP) Price At The Farmer Level Increased By 4.86 Percent And The Price Of Premium Quality Rice At The Huller Level Increased By 6.31 Percent.

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