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International Corn Price at Rp 2,976.9 per Kg (Monday, August 7, 2023)

Agus Dwi Darmawan 07/08/2023 14:55 WIB

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International Corn Price at Rp 2,976.9 per Kg (Monday, August 7, 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 rising. Daily trading saw corn priced at USD 498.5 per bushel. This is equivalent to Rp 2,976.9 per kg, calculated using Bank Indonesia's recorded exchange rate of Rp 15,170 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 489.04 per bushel. This average price is higher than the previous week's USD 487.43 per bushel.

Meanwhile, on a monthly basis, corn prices have shown a downward trend over the past 30 days. The average corn price in August was USD 493.98 per bushel, down 4.84 percent compared to the previous month's price of USD 519.1 per bushel. The highest average monthly corn price in the last 12 months was recorded in October 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."

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International Corn Price at Rp 2,976.9 per Kg (Monday, August 7, 2023)

International Corn Price at Rp 2,976.9 per Kg (Monday, August 7, 2023)

International Corn Price at Rp 2,976.9 per Kg (Monday, August 7, 2023)

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International Corn Price at Rp 2,976.9 per Kg (Monday, August 7, 2023)

International Corn Price at Rp 2,976.9 per Kg (Monday, August 7, 2023)

International Corn Price at Rp 2,976.9 per Kg (Monday, August 7, 2023)

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