Farmers’ Terms of Trade (FTT) October 2024 was 120.70 or increased 0.33 percent

Release Date	:	November 1, 2024
File Size	:	3.03 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 October 2024, national FTT was 120.70 or increased by 0.33 percent compared with that in September 2024. The increase in FTT was due to the increase in the index of prices received by farmers (It) at 0.38 percent which was higher than the increase in the index of prices paid by farmers (Ib) at 0.04 percent.
In October 2024, Riau Province had the highest increase in FTT at 3.18 percent. On the other hand, Sulawesi Tenggara Province experienced the highest decrease in FTT at 2.07 percent.
The price index of household consumption (IKRT) in October 2024 increased by 0.07 percent in Indonesia, which was mainly caused by the increase in personal care and miscellaneous service groups.
Nationally, Agriculture’s Terms of Trade (NTUP) was 122.78 in October 2024 or increased by 0.35 percent compared with September 2024.

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