International Unmilled Rice Price: Rp 5,121.8 per Kg (Monday, October 30, 2023)

International rice prices on Monday, October 30, 2023, were observed to have decreased compared to the previous day. Daily transactions for the two-month-ahead rice contract were traded at USD 16.09 per hundredweight. This is equivalent to Rp 5,121.8 per kg, calculated using the Bank Indonesia exchange rate of Rp 15,916 per dollar.

Based on historical data from investing.com, Katadata Insight Center (KIC) calculations show that the average rice price for the last week was USD 16.1 per hundredweight. This average price increased compared to the previous week, which was recorded at USD 15.87 per hundredweight.

Meanwhile, monthly rice prices have shown an upward trend over the past 30 days. The average rice price for October was recorded at USD 15.94 per hundredweight, down 1.43 percent compared to the previous month, which stood at USD 16.17 per hundredweight. The highest average monthly rice price in the last 12 months was recorded in June 2023.