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Development of Farmer’s Term of Trade and Grain Prices in Banten Province, December 2023

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Release Date	:	January 2, 2024
File Size	:	2.25 MB

Abstract

Banten's FTT in December 2023 was 111.78, an increase of 0.18 percent from the previous month's FTT. This is due to the increase in the Price Index Received by Farmers (It) by 0.74 percent and the increase in the Price Index Paid by Farmers (Ib) by 0.57 percent.
In December 2023, there will be an increase in the Household Consumption Index in Banten Province by 0.71 percent. The increase in the Household Consumption Index occurred in nine expenditure groups, namely Food, Beverages and Tobacco; Personal Care and Other Services; Health; Information, Communication and Financial Services; Supplies, Equipment and Routine Household Maintenance; Transportation; Housing, Water, Electricity and Household Fuel; Provision of Food and Beverage/Restaurant; Clothing And Footwear. Meanwhile, the Recreation, Sports and Culture expenditure group; and Education has not experienced significant changes.
The Banten Agricultural Business Exchange Rate (NTUP) in December 2023 was 115.77 or an increase of 0.64 percent compared to the previous month's NTUP.
The price of grain at the farmer level in December 2023 will experience an increase in the quality of milled dry grain (GKG) by 3.66 percent and an increase in the quality of harvested dry grain (GKP) by 3.09 percent.
The average price of grain in December 2023 at the GKG quality farmer level is IDR. 7,515,-, and GKP Rp. 6,463,- per Kg. For GKG quality, the highest price is Rp. 8,000,- for the Ciherang variety and the lowest price is IDR. 7,200,- for the Ciherang variety.
Nominal wages for agricultural workers in December 2023 Rp. 68,900 per day, up 0.03 percent from the previous month. And in real terms there was a decrease of 0.68 percent, namely from Rp. 56,626,- to Rp. 56,240,- per day.

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