International Corn Price at Rp 2944.4 per Kg (Sunday, December 3, 2023)

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Agus Dwi Darmawan 04/12/2023 14:50 WIB

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International Corn Price at Rp 2944.4 per Kg (Sunday, December 3, 2023)

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Corn Prices Over the Past Three Months

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International corn prices for the next two-month contract are observed to be rising. Daily trading saw corn priced at USD 481.75 per bushel. Converted to Indonesian Rupiah (IDR), this is equivalent to Rp 2,944.4 per kg. This price is calculated using the exchange rate recorded by Bank Indonesia, which is Rp 15,520 per dollar.

Based on Katadata Insight Center (KIC) calculations from historical data available on Yahoo Finance, the average corn price over the last week was USD 463.86 per bushel. This average price is down compared to the previous week, which was recorded at USD 471.39 per bushel.

Meanwhile, on a monthly basis, corn prices have shown a downward trend over the past 30 days. The average corn price for December is recorded at USD 473.12 per bushel, up 0.49 percent compared to the previous month, which was at USD 470.8 per bushel. The highest average monthly corn price in the last 12 months was recorded in February 2023.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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International Corn Price at Rp 2944.4 per Kg (Sunday, December 3, 2023)

International Corn Price at Rp 2944.4 per Kg (Sunday, December 3, 2023)

International Corn Price at Rp 2944.4 per Kg (Sunday, December 3, 2023)

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International Corn Price at Rp 2944.4 per Kg (Sunday, December 3, 2023)

International Corn Price at Rp 2944.4 per Kg (Sunday, December 3, 2023)

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