West Java Farmer Exchange Rate in March 2023 was 105.17 or down 1.43 percent (2018 = 100)

The West Java Farmer Exchange Rate (NTP) in March 2023 decreased by 1.43 percent compared to February 2023. The NTP in March 2023 reached 105.17 (with 2018 as the base year), which means the exchangeability of agricultural products for goods and services consumed and Farmers' production costs have decreased. Compared to: National NTP March 2023: 111.18 (up 0.40 percent compared to February 2023) West Java NTP March 2022: 106.70 Some important points: Causes of decreased NTP: Decrease in the Price Index Received by Farmers (IT) by 1.20 percent The increase in the Price Index Paid by Farmers (Ib) was 0.23 percent Subsectors that experienced a decline in NTP: Crops People's Plantations Farm Subsectors that experienced an increase in NTP: Horticulture Fishery Impact: Decrease in farmer income Increased production costs Decreasing purchasing power of farmers Efforts to increase NTP: Increase the selling price of agricultural products Lower production costs Increasing the efficiency of farming businesses The decline in West Java's NTP needs serious attention from the relevant government. It is hoped that with various efforts, West Java's NTP can rise again and farmers' welfare can be improved. Notes: NTP is an indicator to measure the exchangeability of agricultural products for goods and services consumed and farmers' production costs. The ideal NTP is 100, which means the exchangeability of agricultural products is equal to the goods and services consumed and the farmer's production costs. An NTP above 100 indicates that the exchangeability of agricultural products is higher compared to the goods and services consumed and farmers' production costs. NTP below 100 indicates that the exchangeability of agricultural products is lower compared to the goods and services consumed and farmers' production costs.