International Corn Price at Rp 2605.2 per Kg (Monday, July 29, 2024)
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International corn prices for the next two-month contract are observed to be rising. Daily trading shows corn priced at USD 408.5 per bushel. Converted to Indonesian Rupiah (IDR), this is equivalent to Rp 2,605.2 per kg. This price is calculated using the exchange rate recorded by Bank Indonesia, which is Rp 16,200 per dollar.
Based on Katadata Insight Center (KIC) calculations from historical data available on Yahoo Finance, the average corn price over the last week was USD 400.86 per bushel. This average price is higher than the previous week's price of USD 397.93 per bushel.
Meanwhile, on a monthly basis, corn prices have shown a downward trend over the past 30 days. The average corn price for July was recorded at USD 400.12 per bushel, down 8.94 percent compared to the previous month's price of USD 439.39 per bushel. The highest average monthly corn price in the last 12 months was recorded in October 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."
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