The exchange rate of farmers in South Sumatra Province in October 2021 was recorded at 111.96 or decreased by 0.09 percent compared to the previous month's NTP

Farmer's Exchange Rate (NTP) is the ratio of the price index received by farmers (It) to the index of price paid by farmers (Ib).

NTP is one indicator to see the level of ability/purchasing power of farmers in rural areas. NTP also shows the terms of trade of agricultural products with goods and services consumed as well as for production costs.

In October, South Sumatra's NTP fell 0.09 percent compared to September's FTT, from 112.07 to 111.96. The decrease in NTP in October 2021 was due to the price index of agricultural products experiencing an average price decline of 0.17 percent, while the index paid by farmers in general only experienced an average decrease of 0.07 percent.

The decline in NTP in October 2021 was influenced by the decline in NTP in the Plantation sub-sector which fell by 0.41 percent and Livestock by 0.91 percent. Meanwhile, other sub-sectors that experienced an increase were Food Crops by 1.14 percent, Horticulture 1.31 percent, Fisheries in general 0.78 percent, Capture Fisheries 0.71 percent and Aquaculture 0.89 percent.

In October 2021, in South Sumatra, there was a rural deflation of 0.14 percent caused by a decrease in the average price index in the expenditure group, namely: Food, Beverages and Tobacco by 0.30 percent, Health by 0.01 percent and Recreation, Sports. and Culture 0.08 percent. Meanwhile, other groups experienced an increase and some remained unchanged.

The national Agricultural Household Business Exchange Rate (NTUP) in October 2021 was 111.57, down 0.38 percent compared to the previous month's NTUP.