International Rice Price at Rp 4,684.1 per Kg (Thursday, July 20, 2023)

International rice prices on Thursday, July 20, 2023, showed a decline compared to the previous day. Daily transactions for two-month-ahead rice contracts were traded at USD 15.62 per hundredweight. This is equivalent to Rp 4,684.1 per kg, calculated using Bank Indonesia's recorded exchange rate of Rp 14,994 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 16.86 per hundredweight. This average price is down compared to the previous week, which was recorded at USD 18.12 per hundredweight.

Meanwhile, monthly rice prices have shown a downward trend over the past 30 days. The average rice price for July was USD 17.49 per hundredweight, down 2.68 percent compared to the previous month, which stood at USD 17.97 per hundredweight. The highest average monthly rice price in the past 12 months was recorded in June 2023.