Development of the Bali Province Farmer Exchange Rate Index April 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 April 2024 was recorded at 102.80 or down 2.57 percent compared to the previous month's conditions. The decline in the NTP index was caused by a decline in the Price Index Received by Farmers (It) by 2.23 percent, and an increase in the Index Paid by Farmers (Ib) which was recorded to have risen as high as 0.35 percent.

Nationally, the NTP index was recorded at 116.79 or down 2.18 percent compared to the previous month. In April 2024, the West Sulawesi Province NTP Index recorded the highest increase in NTP, amounting to 6.81 percent. In contrast, Banten Province's NTP recorded the deepest decline, amounting to 6.31 percent.

The Bali Province Household Consumption Index (IKRT) in April 2024 was recorded at 125.06 or an increase of 0.54 percent compared to the previous month's conditions.
The Agricultural Household Business Exchange Rate (NTUP) for Bali Province in April 2024 was recorded at 108.57 or down 2.15 percent compared to the previous month's NTUP.