International Rice Price at Rp 5,193.9 per Kg (Tuesday, October 24, 2023)

International rice prices on Tuesday, October 24, 2023, saw an increase compared to the previous day. Daily transactions for two-month-ahead rice contracts were traded at USD 16.36 per hundredweight. This is equivalent to Rp 5,193.9 per kg, calculated using Bank Indonesia's recorded exchange rate of Rp 15,869 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 15.94 per hundredweight. This average price is unchanged compared to the previous week, which also recorded USD 15.94 per hundredweight.

Meanwhile, monthly rice prices have shown a downward trend over the past 30 days. The average rice price for October was USD 15.9 per hundredweight, down 1.66 percent compared to the previous month's price of USD 16.17 per hundredweight. The highest average monthly rice price in the last 12 months was recorded in June 2023.