International Corn Price at Rp 3,809.7 per Kg (Thursday, April 6, 2023)

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Agus Dwi Darmawan 06/04/2023 14:34 WIB

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International Corn Price at Rp 3,809.7 per Kg (Thursday, April 6, 2023)

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Corn Prices Over the Past Three Months

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International corn prices for the next two-month contract are observed to be falling. Daily trading of corn is at US$648 per bushel. This is equivalent to Rp3,809.7 per kg, calculated using the Bank Indonesia exchange rate of Rp14,930 per dollar.

Katadata Insight Center (KIC) calculations, based on historical data from Yahoo Finance, show that the average corn price over the last week was US$652.61 per bushel. This average price is higher than the previous week's US$634.79 per bushel.

Meanwhile, on a monthly basis, corn prices have shown an upward trend over the past 30 days. The average corn price in April was US$655.81 per bushel, a 3.54 percent increase compared to the previous month's US$633.4 per bushel. The highest average monthly corn price in the last 12 months was recorded in May 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."