International Rice Price at Rp 4,599.6 per Kg (Tuesday, July 18, 2023)

International rice prices on Tuesday, July 18, 2023, were observed to have decreased compared to the previous day. Daily transactions for two-month-ahead rice contracts were traded at USD 15.32 per hundredweight. This is equivalent to Rp 4,599.6 per kg, calculated using the Bank Indonesia exchange rate of Rp 15,007 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 17.82 per hundredweight. This average price is higher than the previous week's USD 17.77 per hundredweight.

Meanwhile, monthly rice prices show a downward trend over the past 30 days. The average rice price for July was USD 17.78 per hundredweight, down 1.07 percent compared to the previous month's USD 17.97 per hundredweight. The highest average monthly rice price in the past 12 months was recorded in June 2023.