International Corn Price at Rp 3,470.5 per Kg (Monday, June 26, 2023)

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Agus Dwi Darmawan 26/06/2023 14:49 WIB

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International Corn Price at Rp 3,470.5 per Kg (Monday, June 26, 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 saw corn priced at USD 587.75 per bushel. This is equivalent to Rp 3,470.5 per kg, based on the Bank Indonesia exchange rate of Rp 15,000 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 USD 600.93 per bushel. This average price is higher than the previous week's USD 547.68 per bushel.

Meanwhile, over the past 30 days, monthly corn prices have shown an upward trend. The average corn price in June was USD 580.14 per bushel, down 0.19 percent compared to the previous month's USD 581.25 per bushel. The highest average monthly corn price in the past 12 months was recorded in October 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."