International Rice Price at Rp 4,881.6 per Kg (Thursday, August 8, 2024)
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International rice prices on Thursday, August 8, 2024, showed a decline compared to the previous day. Daily transactions for the two-month forward contract were traded at USD 15.035 per hundredweight. This is equivalent to Rp 4,881.6 per kg, calculated using the Bank Indonesia exchange rate of Rp 16,234 per dollar.
Katadata Insight Center (KIC) calculations, based on historical data from investing.com, show that the average rice price over the last week was USD 15.14 per hundredweight. This average price is higher than the previous week's USD 15.13 per hundredweight.
Meanwhile, monthly rice prices have shown a downward trend over the past 30 days. The average rice price for August is recorded at USD 15.14 per hundredweight, down 4.25 percent compared to the previous month's USD 15.81 per hundredweight. The highest average monthly rice price in the last 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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