International Rice Price at Rp 5,840.4 per Kg (Tuesday, June 13, 2023)

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Agus Dwi Darmawan 13/06/2023 13:50 WIB

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International Rice Price at Rp 5,840.4 per Kg (Tuesday, June 13, 2023)

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Rice Prices Over the Past Three Months

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International rice prices on Tuesday, June 13, 2023, fell compared to the previous day. Daily transactions for two-month-ahead rice contracts were traded at USD 19.63 per hundredweight. This is equivalent to Rp 5,840.4 per kg, calculated using Bank Indonesia's recorded exchange rate of Rp 14,874 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 18.78 per hundredweight. This average price is higher than the previous week's USD 17.18 per hundredweight.

Meanwhile, monthly rice prices have shown an upward trend over the past 30 days. The average rice price for June was USD 18.52 per hundredweight, a 5.99 percent increase compared to the previous month's USD 17.47 per hundredweight. The highest average monthly rice price in the last 12 months was recorded in June 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."