International Corn Price: Rp 2855.1 per Kg (Friday, May 31, 2024)

International corn prices for the next two-month contract are observed to be falling. Daily trading saw corn priced at USD 446.25 per bushel. This is equivalent to Rp 2,855.1 per kg, calculated using Bank Indonesia's recorded exchange rate of Rp 16,250 per dollar.

Based on historical data from Yahoo Finance, Katadata Insight Center (KIC) calculations show that the average corn price over the last week was USD 457.54 per bushel. This average price is down compared to the previous week, which was also recorded at USD 457.54 per bushel.

Meanwhile, on a monthly basis, corn prices have shown an upward trend over the past 30 days. The average corn price in May was recorded at USD 454.66 per bushel, up 4.61 percent compared to the previous month, which stood at USD 434.62 per bushel. The highest average monthly corn price in the last 12 months was recorded in June 2023.