International Rice Price at Rp 5,170.3 per Kg (Tuesday, March 14, 2023)

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Agus Dwi Darmawan 14/03/2023 13:49 WIB

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International Rice Price at Rp 5,170.3 per Kg (Tuesday, March 14, 2023)

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Rice Prices Over the Past Three Months

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International rice prices on Tuesday, March 14, 2023, saw an increase compared to the previous day. Daily transactions for two-month-ahead rice contracts were traded at USD 16.82 per hundredweight. This is equivalent to Rp 5,170.3 per kg, calculated using the Bank Indonesia exchange rate of Rp 15,374 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 16.3 per hundredweight. This average price is lower than the previous week's USD 17 per hundredweight.

Meanwhile, monthly rice prices have shown a downward trend over the past 30 days. The average rice price for March was USD 16.55 per hundredweight, down 5.46 percent compared to the previous month's USD 17.51 per hundredweight. The highest average monthly rice price in the past 12 months was recorded in January 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."