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Development of Farmers' Exchange Rate of North Sulawesi Province November 2024

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Release Date	:	December 2, 2024
File Size	:	2.01 MB

Abstract

The Farmer's Exchange Rate (NTP) of North Sulawesi in November 2024 increased by 2.86 percent to 116.51 compared to October which was 113.27. The change in the NTP was due to the value of the Price Index received by Farmers (It) increasing higher than the value of the Price Index paid by Farmers (Ib). The Price Index received by Farmers (It) increased by 3.05 percent while the Price Index paid by Farmers (Ib) increased by only 0.18 percent.

The NTP on a Year to Date (YTD) or calendar year basis increased by 3.25 percent. Meanwhile, the NTP on a Year on Year (YoY) basis also increased. The Farmer's Exchange Rate on a YoY basis increased by 3.00 percent.

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