International Unmilled Rice Price: Rp 5,381.8 per Kg (Thursday, November 16, 2023)

International rice prices on Thursday, November 16, 2023, saw an increase compared to the previous day. Daily transactions for two-month-ahead rice contracts were traded at USD 17.25 per hundredweight. This is equivalent to Rp 5,381.8 per kg, calculated using Bank Indonesia's recorded exchange rate of Rp 15,595 per dollar.

Based on historical data from investing.com, Katadata Insight Center (KIC) calculations show that the average rice price over the last week was USD 16.88 per hundredweight. This average price is higher than the previous week's USD 16.35 per hundredweight.

Meanwhile, monthly rice prices have shown an upward trend over the past 30 days. The average rice price for November is recorded at USD 16.61 per hundredweight, a 4.22 percent increase compared to the previous month's USD 15.94 per hundredweight. The highest average monthly rice price in the last 12 months was recorded in June 2023.