International Rice Price at Rp 5,388.3 per Kg (Friday, May 12, 2023)

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Agus Dwi Darmawan 12/05/2023 13:44 WIB

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International Rice Price at Rp 5,388.3 per Kg (Friday, May 12, 2023)

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Rice Prices Over the Past Three Months

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International rice prices on Friday, May 12, 2023, were observed to have decreased compared to the previous day. Daily transactions for two-month-ahead rice contracts were traded at USD 18.3 per hundredweight. This is equivalent to Rp 5,388.3 per kg, calculated using the Bank Indonesia exchange rate of Rp 14,722 per dollar.

Based on historical data from investing.com, Katadata Insight Center (KIC) calculations show that the average rice price for the last week was USD 18.11 per hundredweight. This average price increased compared to the previous week, which was recorded at USD 17.28 per hundredweight.

Meanwhile, monthly rice prices have shown an upward trend over the past 30 days. The average rice price for May was recorded at USD 17.96 per hundredweight, a 5.57 percent increase compared to the previous month's price of USD 17.02 per hundredweight. The highest average monthly rice price in the last 12 months was recorded in May 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."