International Corn Price: Rp 2678.6 per Kg (Friday, July 26, 2024)
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International corn prices for the next two-month contract are observed to be rising. Daily transactions show corn trading at USD 420 per bushel. This is equivalent to Rp 2,678.6 per kg, calculated using Bank Indonesia's recorded exchange rate of Rp 16,200 per dollar.
Katadata Insight Center (KIC) calculations from historical data available on Yahoo Finance show the average corn price over the last week was USD 402.04 per bushel. This average price is higher than the previous week's USD 399.21 per bushel.
Meanwhile, monthly corn prices show a downward trend over the past 30 days. The average corn price for July was USD 401.03 per bushel, down 8.73 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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