International Corn Price at Rp 3,810.1 per Kg (Wednesday, March 22, 2023)

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Agus Dwi Darmawan 22/03/2023 14:41 WIB

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International Corn Price at Rp 3,810.1 per Kg (Wednesday, March 22, 2023)

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Corn Prices Over the Past Three Months

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International corn prices for the next two-month contract are observed to be falling. Daily trading saw corn priced at USD 630.5 per bushel. This is equivalent to Rp 3,810.1 per kg, calculated using the Bank Indonesia exchange rate of Rp 15,350 per dollar.

Katadata Insight Center (KIC) calculations based on historical data from Yahoo Finance show that the average corn price over the last week was USD 627.43 per bushel. This average price is down compared to the previous week, which was recorded at USD 628.75 per bushel.

Meanwhile, monthly corn prices have shown a downward trend over the past 30 days. The average corn price for March was USD 629.2 per bushel, down 6.6 percent compared to the previous month, which was USD 673.67 per bushel. The highest average monthly corn price in the last 12 months was recorded in May 2022.

"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."