International Corn Price: Rp 2862.4 per Kg (Friday, May 31, 2024)

International corn prices for the next two-month contract are observed to be rising. Daily trading saw corn priced at USD 451.75 per bushel. This is equivalent to Rp 2,862.4 per kg, calculated using Bank Indonesia's recorded exchange rate of Rp 16,090 per dollar.

Based on Katadata Insight Center (KIC) calculations from historical data available on Yahoo Finance, the average corn price over the last week was USD 458.32 per bushel. This average price is higher than the previous week's recorded price of USD 457.54 per bushel.

Meanwhile, for the monthly period, corn prices have shown an upward trend over the last 30 days. The average corn price for May was recorded at USD 454.91 per bushel, a 4.67 percent increase compared to the previous month's price of USD 434.62 per bushel. The highest average monthly corn price in the last 12 months was recorded in June 2023.