International Corn Price at Rp 2729.4 per Kg (Sunday, February 11, 2024)

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Agus Dwi Darmawan 12/02/2024 14:56 WIB

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International Corn Price at Rp 2729.4 per Kg (Sunday, February 11, 2024)

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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 rising. Daily trading shows corn priced at USD 442 per bushel. This is equivalent to Rp 2,729.4 per kg, calculated using the Bank Indonesia exchange rate of Rp 15,690 per dollar.

Based on historical data from Yahoo Finance, Katadata Insight Center (KIC) calculations show that the average corn price over the last week was USD 439 per bushel. This average price is lower than the previous week's USD 445.39 per bushel.

Meanwhile, on a monthly basis, corn prices have shown a downward trend over the past 30 days. The average corn price in February was USD 440.33 per bushel, down 2.58 percent compared to the previous month's USD 451.98 per bushel. The highest average monthly corn price in the last 12 months was recorded in April 2023.

"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."