International Rice Price at Rp 5451.5 per Kg (Thursday, January 11, 2024)

Agus Dwi Darmawan 12/01/2024 14:11 WIB

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The average paddy price in January was recorded at USD 17.22 million Rupiah, up 0.43 percent compared to the previous month, which was at USD 17.14 million Rupiah.

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International Rice Price at Rp 5451.5 per Kg (Thursday, January 11, 2024)

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Rice Prices Over the Past Three Months

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International unmilled rice prices on Thursday, January 11, 2024, increased compared to the previous day. Daily transactions for two-month forward contracts were traded at USD 17.52 million. Converted to Indonesian Rupiah (IDR), this is equivalent to Rp 5,451.5 per kg. This price is calculated based on the exchange rate recorded by Bank Indonesia, which is Rp 15,558 per US dollar.

Based on historical data from investing.com, Katadata Insight Center (KIC) calculations show that the average unmilled rice price for the last week was USD 17.16 million. This average price is lower than the previous week's USD 17.34 million.

Meanwhile, monthly unmilled rice prices have shown an upward trend over the past 30 days. The average price for January is recorded at USD 17.22 million, up 0.43 percent compared to the previous month's USD 17.14 million. The highest average monthly unmilled rice price in the last 12 months was recorded in June 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."