Agriculture Minister Amran: Farmers' Exchange Rate Reaches 125.45 in February, New Sector Record
Jakarta (ANTARA) - Agriculture Minister Andi Amran Sulaiman announced that the Farmers’ Exchange Rate (NTP) for February 2026 surged to 125.45, based on data released by the Central Statistics Agency (BPS), marking a new record high that reinforces optimism about the performance of Indonesia’s agricultural sector.
“This achievement represents a new record. It is evidence that our policies in the field are beginning to be felt directly by farmers,” the Agriculture Minister stated in remarks confirmed in Jakarta on Monday.
BPS recorded the NTP for February 2026 rising to 125.45, an increase of 1.50 per cent compared with January 2026’s 124.60.
According to Amran, this figure reflects a ratio in which prices received by farmers increased more rapidly than the costs they paid.
Based on BPS data, the NTP movement during the March 2025 to February 2026 period shows a fluctuating trend, yet tended to strengthen following declines in the early period. Beginning at 123.72 in March 2025, the index touched its lowest point in April 2025 at 121.06, but then gradually recovered consistently to reach 124.36 in September 2025.
After experiencing slight corrections in October and November, the NTP surged significantly at year-end to 125.35 in December 2025. Although it fell back to 123.60 in January 2026, the NTP began climbing again to 125.45 in February 2026.
Amran emphasised that this NTP achievement represents an important milestone in strengthening the purchasing power of Indonesia’s farmers, alongside a series of deregulation, budget efficiency, and agricultural transformation towards a modern system.
Meanwhile, BPS Deputy for Statistical Distribution and Services Ateng Hartono explained that in February 2026, the Price Index Received by Farmers (It) was recorded at 158.38, rising 2.17 per cent compared with the previous month.
Several commodities contributed to the increase in the index of prices received by farmers, including bird’s eye chilli, rubber, palm oil, and shallots.
“Meanwhile, the Price Index Paid by Farmers (Ib) also experienced an increase of 0.65 per cent to 126.24. This increase was influenced by rising prices of bird’s eye chilli, broiler chicken, red chilli, and chicken eggs,” he explained.
Further, Ateng stated that by subsector, most experienced NTP increases. The horticulture subsector recorded the highest increase, rising from 119.62 in January to 139.57 in February 2026, an increase of 16.68 per cent.
“Beyond horticulture, the smallholder plantation subsector rose 0.24 per cent, livestock increased 1.68 per cent, and fisheries rose 0.72 per cent. For fisheries, the NTP for fish farmers rose 0.35 per cent and that for fish farmers increased 1.32 per cent,” he added.
The food crop subsector was the only one to experience a decline, falling from 113.43 in January to 112.43 in February 2026, a decrease of 0.88 per cent.