International Rice Price at Rp 4,596.4 per Kg (Thursday, August 29, 2024)
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International rice prices on Thursday, August 29, 2024, fell compared to the previous day. Daily transactions for two-month-ahead rice contracts traded at USD 14.85 per hundredweight. This is equivalent to Rp 4,596.4 per kg, calculated using Bank Indonesia's recorded exchange rate of Rp 15,476 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 14.98 per hundredweight. This average price is higher than the previous week's USD 14.78 per hundredweight.
Meanwhile, monthly rice prices have shown a downward trend over the past 30 days. The average rice price for August was USD 15.01 per hundredweight, down 5.17 percent compared to the previous month's USD 15.83 per hundredweight. The highest average monthly rice price in the past 12 months was recorded in May 2024.
"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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