West Java Farmer Exchange Rate in May 2023 is 104.43 or an increase of 0.17 percent (2018 = 100)

The West Java Farmer Exchange Rate (NTP) in May 2023 increased by 0.17 percent compared to April 2023. The NTP in May 2023 reached 104.43 with a base year of 2018 = 100. This increase shows the increasing purchasing power of farmers in West Java. Some important points: NTP: 104.43 (May 2023) Compared to: April 2023: 104.26 May 2022: 96.90 Reason: Increase in grain prices Increase in the price of chicken eggs Increase in fish prices Reducing the price of urea fertilizer Decrease in pesticide prices Impact: Increased farmer income Increased purchasing power of farmers Encourage agricultural production Efforts to maintain and increase NTP: Maintaining price stability for agricultural products Increasing the efficiency of agricultural production Opening market access for agricultural products This increase in NTP is positive news for farmers in West Java. It is hoped that in the future, NTP can continue to increase and make a greater contribution to the welfare of farmers and the agricultural sector in West Java. Notes: The national NTP in May 2023 also increased by 0.29 percent. This shows that in general, the purchasing power of farmers in Indonesia has increased.