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The Farmer Exchange Rate (NTP) for East Java Province in February 2024 is 119.85 or up 3.45 percent

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Release Date	:	March 1, 2024
File Size	:	1.82 MB

Abstract

The East Java Farmer's Exchange Rate (NTP) in February 2024 rose 3.45 percent from

115.86 to 119.85. The increase in NTP was caused by the price index received by farmers (It) increasing by 4.06 percent, higher than the increase in the price index paid by farmers (Ib) of 0.59 percent.

In February 2024, four agricultural subsectors experienced an increase in NTP and one other subsector experienced a decrease in NTP. The subsector that experienced the highest increase in NTP was the Food Crops subsector by 5.05 percent from 122.36 to 128.53, followed by the Horticulture subsector by 2.98 percent from 123.22 to 126.90, the People's Plantation Crops subsector by 0.70 percent from 107.07 to 107.82, and the Livestock subsector by 0.67 percent from 102.23 to 102.91. Meanwhile, the subsector that experienced a decrease in NTP was the Fisheries subsector by 1.71 percent from 95.59 to 93.96.

Of the five provinces on the island of Java that carried out NTP calculations in February 2024, all provinces experienced an increase in NTP. The highest increase in NTP was in Banten Province at 3.64 percent, followed by the Special Region of Yogyakarta at 3.63 percent, East Java at 3.45 percent, Central Java at 3.16 percent, and West Java at 3.03 percent.

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