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

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Release Date	:	November 1, 2024
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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.

Related Official Statistics News

Farmers’ Terms of Trade (FTT) January 2025 was 123.68 or increased 0.73 percent.

Farmers’ Terms of Trade (FTT) November 2023 was 116.73 or rose 0.82 percent, Dried harvested grain (GKP) price at the farmer level decreased by 1.94 percent

Farmers’ Terms of Trade (FTT) February 2025 was 123.45 or decreased0.18 percent and the price of premium quality rice at the huller level decreased by 0.25 percent.

Farmers’ Terms of Trade (FTT) November 2024 was 121.29 or increased 0.49 percent. Dried harvested grain (GKP) price at the farmer level decreased by 1.86percent and the price of premium quality rice.

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.

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