International Corn Price: Rp 2870.3 per Kg (Wednesday, December 20, 2023)

International corn prices for the next two-month contract are observed to be falling. Daily trading saw corn priced at USD 470 per bushel. This is equivalent to Rp 2,870.3 per kg, calculated using Bank Indonesia's recorded exchange rate of Rp 15,510 per dollar.

Based on Katadata Insight Center (KIC) calculations from historical data available on Yahoo Finance, the average corn price over the last week was USD 470.93 per bushel. This average price is higher than the previous week's recorded price of USD 468.14 per bushel.

Meanwhile, on a monthly basis, corn prices have shown an upward trend over the past 30 days. The average corn price for December is recorded at USD 469.41 per bushel, down 0.3 percent compared to the previous month's price of USD 470.8 per bushel. The highest average monthly corn price in the last 12 months was recorded in February 2023.