International Corn Price at Rp 2,890 per Kg (Thursday, December 21, 2023)

International corn prices for the next two-month contract are observed to be rising. Daily trading saw corn priced at USD 472.75 per bushel. Converted to Indonesian Rupiah (IDR), this is equivalent to Rp 2,890 per kg. This price is calculated using the exchange rate recorded by Bank Indonesia, which is Rp 15,530 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 473.18 per bushel. This average price is higher than the previous week's price of USD 466.46 per bushel.

Meanwhile, monthly corn prices have shown an upward trend over the past 30 days. The average corn price for December is recorded at USD 469.58 per bushel, down 0.26 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.