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Farmers’ Terms of Trade (FTT) in October 2023 was 108.05 or rose 1.96 percent

Release Date	:	November 1, 2023
File Size	:	1.02 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.
Sumatera Selatan Province’s FTT was 108,05 in October 2023 or increased by 1.96 percent compared with that in September 2023. The increase in FTT was due to the increase in FTT of food crops at 2.27 percent, horticulture at 2.81 percent, and plantation at 2.03 percent. Meanwhile, The FTT for animal husbandry, marine capture fishery and aquaculture decreased at 1.42 percent, 0.54 percent, and 1.18 percent.
Sumatera Selatan Province’s rural inflation rose 0.48 percent, from 118.79 in September 2023 to 119.35 in October 2023.
Agriculture’s Terms of Trade (NTUP) was 108.12 in October 2023 or increased by 2.25 percent compared to September 2023.

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