BPS: Farmer's Exchange Rate Increases 0.22 Percent In March 2025

Deputy for Statistics Production of BPS M. Habibullah. (Photo: ANTARA)

JAKARTA - The Central Statistics Agency (BPS) conveyed the development of the farmer's exchange rate or NTP.

Where NTP increased by 0.22 percent in March 2025 compared to the previous month.

"The exchange rate for NTP farmers in March 2025 was recorded at 123.72, an increase of 0.22 percent compared to February 2025," said BPS Deputy for Statistics Production M. Habibullah in a virtual press conference, Tuesday, March 8.

Habibullah said this increase occurred in line with the increase in the price index received by farmers (It) by 1.51 percent to 152.24.

Meanwhile, the price index paid by farmers (Ib) also increased by 1.29 percent to 123.05.

The NTP increase occurred because the price index received by farmers or It increased by 1.51 percent. This value is higher than the increase in the price index paid by farmers or Ib which was 1.29 percent," he said.

Furthermore, Habibullah said, the increase in the price index received by farmers was contributed by palm oil, shallots, grain and cayenne pepper commodities.

"The dominant commodities that affect Ib's increase are electricity, cayenne pepper, onions, and rice," he said.

Habibullah said the main contribution to the NTP increase came from the holticulture sub-sector, which increased by 3.89 percent. Then, people's plantations amounted to 0.09 percent and the percentage was 0.46 percent.

Then, continued Habibullah, several sub-sectors experienced a decline, such as food crops which decreased by 0.57 percent and fisheries by 0.35 percent.

In addition, Habibullah said, in March 2025 there was also an increase in the household consumption index (IKRT) in Indonesia by 1.70 percent.

Mainly because of the increase in the index in housing, water, electricity, gas and household fuel groups.

Meanwhile, he said, the national agricultural household business exchange rate (NTUP) in March 2025 was 127.13, an increase of 1.14 percent compared to the previous one.

Nationally, NTUP from January to March 2025 was 3.68 percent higher.

Habibullah explained, NTUP is a comparison between the price index received by farmers (It) and the production cost index and the addition of capital goods (BPPBM).

"Agricultural sub-sectors have experienced an increase in NTUP, namely food crop sub-sectors, holicultural plant sub-sectors, people's plantation crop sub-sectors, livestock sub-sectors, and fishery sub-sectors," he said.