# Farmers’ Terms of Trade (FTT) May 2024 was 116.71 or fell 0.06 percent. Dried harvested grain (GKP) price at the farmer level increased by 2.73 percent and the price of premium quality rice at the huller level decreased by 3.79 percent.

> Indonesia's Farmers' Terms of Trade for May 2024 stood at 116.71, down 0.06%. Dried harvested grain prices at farm level rose 2.73%, while premium rice prices at the huller level fell 3.79%.

- Date: 2024-06-03 · published 2024-06-03T12:00:00.000Z
- Category: report · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/29844-farmers-terms-of-trade-ftt-may-2024-was-116-71-or-fell-0-06-percent-dried
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Rising farm-gate grain prices in Indonesia point to firmer domestic rice and corn costs, with limited direct effect on international feed prices.

## Read by commodity

- CORN: bullish ▲
- RICE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-07-05 | [Impacts and Repercussions of Price Increases on the Global Fertilizer Market](https://feedsoft.ai/events/40415-impacts-and-repercussions-of-price-increases-on-the-global-fertilizer-market.md) | +1.9% | -14.6% |
| CORN | 2017-03-17 | [Strategie Grains Increased Its Forecast On Wheat And Barley Yields In The EU, But Decreased Its Corn Forecast](https://feedsoft.ai/events/71948-strategie-grains-increased-its-forecast-on-wheat-and-barley-yields-in-the-eu.md) | -1.8% | +0.6% |
| CORN | 2025-02-14 | [WASDE Shows Decrease in South American Corn and Soybean Production for 2024/2025](https://feedsoft.ai/events/25997-wasde-shows-decrease-in-south-american-corn-and-soybean-production-for-2024-2025.md) | +1.4% | -6.6% |
| CORN | 2021-04-01 | [UK feed wheat price rises after surprise in global market - Farmers Weekly](https://feedsoft.ai/events/47552-uk-feed-wheat-price-rises-after-surprise-in-global-market-farmers-weekly.md) | +0.1% | +17.6% |
| CORN | 2018-07-27 | [World grain harvest reduced in latest stats - Farmers Weekly](https://feedsoft.ai/events/64070-world-grain-harvest-reduced-in-latest-stats-farmers-weekly.md) | +0.9% | -1.9% |
| RICE | 2019-04-01 | [Louisiana Rice and Grain Stocks: March 1 Rough Rice Stocks Up 54 Percent — Louisiana Farm Bureau News](https://feedsoft.ai/events/59667-louisiana-rice-and-grain-stocks-march-1-rough-rice-stocks-up-54-percent.md) | -3.1% | -4.9% |
| RICE | 2020-11-06 | [India’s rice production on the rise \| 2020-11-06  \| World Grain](https://feedsoft.ai/events/50116-india-s-rice-production-on-the-rise-2020-11-06-world-grain.md) | -4.9% | -3.5% |
| RICE | 2019-07-02 | [Louisiana Rice and Grain Stocks - June 1 Rough Rice Stocks Up 62 Percent — Louisiana Farm Bureau News](https://feedsoft.ai/events/58167-louisiana-rice-and-grain-stocks-june-1-rough-rice-stocks-up-62-percent.md) | +3.4% | +7.8% |

## Sources

- bps.go.id: https://www.bps.go.id/en/pressrelease/2024/06/03/2328/farmers-terms-of-trade--ftt--may-2024-was-116-71-or-fell-0-06-percent--dried-harvested-grain--gkp--price-at-the-farmer-level-increased-by-2-73-percent-and-the-price-of-premium-quality-rice-at-the-huller-level-decreased-by-3-79-percent-.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.