International Paddy Rice Price: Rp 5,627.2 per Kg (Friday, November 11, 2022)

Agus Dwi Darmawan 11/11/2022 13:46 WIB

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International Paddy Rice Price: Rp 5,627.2 per Kg (Friday, November 11, 2022)

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Professional Monthly

~~Rp300.000~~

Rp150.000/month

Professional Yearly

~~Rp2.400.000~~

Rp1.200.000/year

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Rice Prices Over the Past Three Months

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International rice prices for the next two-month contract are observed to be falling. Daily transactions show rice being traded at USD 17.92 per hundredweight. This is equivalent to Rp 5,627.2 per kg, calculated using Bank Indonesia's recorded exchange rate of Rp 15,700 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 17.58 per hundredweight. This average price is higher than the previous week's USD 16.47 per hundredweight.

Meanwhile, monthly rice prices have shown an upward trend over the past 30 days. The average rice price in November was USD 17.5 per hundredweight, a 5.59 percent increase compared to the previous month's USD 16.57 per hundredweight. The highest average monthly rice price in the last 12 months was recorded in November 2022.

"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."