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Indonesia: May 2023 farmers' exchange rate decreases 0.34 percent

Indonesia
Published Jun 6, 2023

Tridge summary

The Central Statistics Agency (BPS) noted that the national farmer exchange rate (NTP) in May 2023 was 110.20. BPS Deputy for Distribution and Services Statistics Pudji Ismartini said this figure was down 0.34 percent compared to the previous month's NTP. "The decline in FTT was due to the price index received by farmers falling by 0.02 percent. Meanwhile, the price index paid by farmers increased by 0.32 percent," said Pudji in a press conference, Monday (5/6/2023). He explained, In May 2023 the NTP of the Bangka Belitung Islands Province experienced the largest decrease of 5.20 percent compared to the decrease in the NTP of other provinces. In contrast, Lampung Province's NTP experienced the highest increase of up to 1.61 percent compared to the increase in other provinces' NTP. The decline in NTP in May 2023 was also affected by the decline in NTP in two agricultural sub-sectors. "These two sub-sectors are the people's plantation sub-sector with 2.53 percent and the fisheries sub-sector with 0.29 percent," he said.

Original content

REPUBLIKA.CO.ID, JAKARTA -- The Central Statistics Agency (BPS) noted that the national farmer exchange rate (NTP) in May 2023 was 110.20. BPS Deputy for Distribution and Services Statistics Pudji Ismartini said this figure was down 0.34 percent compared to the previous month's NTP. "The decline in FTT was due to the price index received by farmers falling by 0.02 percent. Meanwhile, the price index paid by farmers increased by 0.32 percent," said Pudji in a press conference, Monday (5/6/2023). He explained, In May 2023 the NTP of the Bangka Belitung Islands Province experienced the largest decrease of 5.20 percent compared to the decrease in the NTP of other provinces. In contrast, Lampung Province's NTP experienced the highest increase of up to 1.61 percent compared to the increase in other provinces' NTP. The decline in NTP in May 2023 was also affected by the decline in NTP in two agricultural sub-sectors. "These two sub-sectors are the people's ...
Source: Republika
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