International Unmilled Rice Price at Rp 4,855.5 per Kg (Tuesday, July 25, 2023)

International rice prices on Tuesday, July 25, 2023, saw an increase compared to the previous day. Daily transactions for two-month-ahead rice contracts were traded at USD 16.16 per hundredweight. This is equivalent to Rp 4,855.5 per kg, calculated using Bank Indonesia's recorded exchange rate of Rp 15,028 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 15.81 per hundredweight. This average price is lower than the previous week's USD 18.77 per hundredweight.

Meanwhile, monthly rice prices have shown a downward trend over the past 30 days. The average rice price in July was USD 17.26 per hundredweight, a 3.99 percent decrease compared to the previous month's USD 17.97 per hundredweight. The highest average monthly rice price in the past 12 months was recorded in June 2023.