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Development of North Sulawesi Farmer Exchange Rates October 2020

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Release Date	:	November 2, 2020
File Size	:	0.38 MB

Abstract

The Farmer Exchange Rate (NTP) in North Sulawesi increased 1.66 percent to 99.26 percent in October compared to 97.64 in September. The improvement in the NTP value was due to the index received by farmers having increased sharply compared to the increase in the Index paid by farmers.

· The NTP value during the 2020 calendar year increased by 0.73 percent, so that YoY (year on year) also increased by 1.63 percent.

· Agricultural Household Business Exchange Rate (NTUP) increased by 1.99 percent; from 97.51 in September to 99.44 in October.

· In the rural areas of North Sulawesi, there is an inflation of 0.44 percent. Almost all groups experienced inflation, except for the Health Group which experienced deflation.

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Development of North Sulawesi Farmer Exchange Rates October 2020