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Development of Farmer’s Term of Trade and Grain Prices in Banten Province in June 2024

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Release Date	:	July 1, 2024
File Size	:	2.36 MB

Abstract

Banten's FTT for June 2024 was 103.63, an increase of 0.21 percent from the previous month's FTT. This is due to the increase in the Price Index Received by Farmers (It) by 0.51 percent and the Price Index Paid by Farmers (Ib) by 0.31 percent.
In June 2024 there will be an increase in the Household Consumption Index in Banten Province by 0.39 percent. The increase in the Household Consumption Index occurred in eight expenditure groups, namely Personal Care and Other Services; Food, Beverages and Tobacco; Recreation, Sports and Culture; Housing, Water, Electricity and Household Fuel; Provision of Food and Beverage/Restaurant; Health; Supplies, Equipment and Routine Household Maintenance; and Clothing and Footwear. Meanwhile, the Transportation expenditure group experienced a decline. Meanwhile, the Education and Information, Communication and Financial Services expenditure groups did not experience significant changes.
The Banten Agricultural Business Exchange Rate (NTUP) in June 2024 was 109.01 or an increase of 0.47 percent compared to the previous month's NTUP.
The price of grain at the farmer level in June 2024 will experience an increase in the quality of milled dry grain (GKG) by 3.88 percent and an increase in the quality of harvested dry grain (GKP) by 9.95 percent.
The average price of grain in June 2024 at the farmer level for GKG quality is IDR 6,246, and GKP IDR 5,341 per kg. For GKG quality, the highest price is IDR 6,700 for the Ciherang variety and the lowest price is IDR 5,400 for the Ciherang variety.

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