Development of the Bali Provincial Farmers Exchange Rate Index June 2020

Release Date	:	July 1, 2020
File Size	:	0.79 MB

Abstract

The Bali Province NTP Index in June 2020 was down as deep as -0.01 percent, from 93.54 in May 2020 to 93.53. The index received by farmers (IT) recorded an increase of 0.05 percent, lower than the increase in the index paid by farmers (Ib) which rose as high as 0.06 percent.

The NTP index in June 2020 was recorded down in three sub-sectors. The deepest decrease was recorded in the horticulture subsector (-1.32 percent), followed by the food crops subsector (-0.92 percent), and the estate crops subsector (-0.73 percent). In contrast, the NTP index of the livestock and fisheries subsector was recorded to rise as high as 2.05 percent and 0.75 percent respectively.

Bali Province's Agricultural Business Exchange Rate Index (NTUP) in June 2020 recorded 93.56, down as deep as -0.24 percent compared with 93.78 the previous month.

Viewed from the subsector, the deepest decline in the NTUP index was recorded in the horticulture sub-sector (-1.38 percent), followed by the food crops sub-sector (-1.20 percent) and the smallholder estate crop subsector (-0.66 percent). Meanwhile, the livestock and fisheries subsector rose to as high as 1.58 percent and 0.43 percent respectively.

In June 2020, the province of Bali experienced a rural deflation of -0.09 percent. This condition is different from the national rural inflation record which recorded inflation, as high as 0.08 percent. The deepest deflation was recorded in West Sumatra Province (-0.63 percent) and the lowest in Bali Province (-0.09 percent). Meanwhile, the highest inflation was recorded in North Sulawesi Province (0.91 percent), while the lowest inflation was recorded in North Kalimantan Province with a magnitude of 0.02 percent. [100-20200701]

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Development of the Bali Provincial Farmers Exchange Rate Index June 2020