International Rice Price at Rp 5,009.9 per Kg (Thursday, October 12, 2023)

International rice prices on Thursday, October 12, 2023, showed a decline compared to the previous day. Daily transactions for the two-month-ahead contract were traded at USD 15.95 per hundredweight. This is equivalent to Rp 5,009.9 per kg, calculated using Bank Indonesia's recorded exchange rate of Rp 15,710 per dollar.

Katadata Insight Center (KIC) calculations, based on historical data from investing.com, show that the average rice price over the last week was USD 15.91 per hundredweight. This average price is down compared to the previous week, which was recorded at USD 15.96 per hundredweight.

Meanwhile, monthly rice prices have shown a downward trend over the past 30 days. The average rice price for October is recorded at USD 15.86 per hundredweight, down 1.87 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.