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Development of Farmer Exchange Rates and West Sumatra Grain Producer Prices December 2022

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Release Date	:	January 6, 2023
File Size	:	3.12 MB

Abstract

West Sumatra's NTP in December 2022 was 110.41 or down 0.66 percent compared to the previous month's NTP.

The decrease in FTT was due to the increase in the price index received by farmers (It) of 0.10 percent which was smaller than the increase in the price index paid by farmers (Ib) of 0.76 percent.
The West Sumatra Agricultural Household Business Exchange Rate (NTUP) in December 2022 was 108.38 or an increase of 0.07 percent compared to the previous month's NTUP.
In December 2022 the average price of GKP quality grain at the farm level increased by 0.49 percent from IDR 6,657.01 per kg (November 2022) to IDR 6,689.38 per kg (December 2022).

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