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Farmers’ Terms of Trade (FTT) in March 2024 was 115.20 or rose 2.97 percent

Release Date	:	April 1, 2024
File Size	:	2.22 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 115.20 or increased by 2.97 percent compared with FTT in February 2024. The increase in FTT was due to the increase in FTT of horticulture at 0.65 percent, plantation at 4.85 percent, and livestock at 0.62 percent. Meanwhile, The FTT for food crop, fishery, marine capture fishery and aquaculture decreased at 2.91, 0.44, 0.63 and 0.03 percent.
The price index of household consumption rose 1.21 percent, from 122.59 in February 2024 to 124.06 in March 2024.
Agriculture’s Terms of Trade (NTUP) was 118.05 in March 2024 or increased by 3.89 percent compared to February 2024