International Corn Price at Rp 2781.4 per Kg (Tuesday, January 30, 2024)

Agus Dwi Darmawan 31/01/2024 15:14 WIB

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International Corn Price at Rp 2781.4 per Kg (Tuesday, January 30, 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 saw corn priced at USD 447.25 per bushel. This is equivalent to Rp 2,781.4 per kg, calculated using Bank Indonesia's recorded exchange rate of Rp 15,800 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 447.07 per bushel. This average price is higher than the previous week's recorded price of USD 446.54 per bushel.

Meanwhile, on a monthly basis, corn prices have shown a downward trend over the past 30 days. The average corn price in January was recorded at USD 452.12 per bushel, down 3.96 percent compared to the previous month's price of USD 470.76 per bushel. The highest average monthly corn price in the last 12 months was recorded in February 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."