International Unmilled Rice Price Reaches Rp 4,780 per Kg (Wednesday, August 2, 2023)

International rice prices on Wednesday, August 2, 2023, showed a decline compared to the previous day. Daily transactions for two-month-ahead rice contracts were traded at USD 15.8 per hundredweight. This is equivalent to approximately Rp 4,780 per kg, calculated using Bank Indonesia's exchange rate of Rp 15,117 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 15.76 per hundredweight. This average price is lower than the previous week's USD 16.04 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 15.82 per hundredweight, a 6.64 percent decrease compared to the previous month's USD 16.95 per hundredweight. The highest average monthly rice price in the past 12 months was recorded in June 2023.