International Unmilled Rice Price: Rp 5,057.6 per Kg (Monday, September 4, 2023)

International rice prices on Monday, September 4, 2023, saw an increase compared to the previous day. Daily transactions for two-month forward contracts were traded at USD 16.58 per hundredweight. This is equivalent to Rp 5,057.6 per kg, calculated using the Bank Indonesia exchange rate of Rp 15,252 per dollar.

Based on historical data from investing.com, the Katadata Insight Center (KIC) calculated the average rice price for the last week at USD 16.42 per hundredweight. This average price is higher than the previous week's USD 15.54 per hundredweight.

Meanwhile, monthly rice prices have shown an upward trend over the past 30 days. The average rice price for September is recorded at USD 16.57 per hundredweight, a 4.28 percent increase compared to the previous month's USD 15.89 per hundredweight. The highest average monthly rice price in the last 12 months was recorded in June 2023.