International Rice Price at Rp 5,436.6 per Kg (Thursday, January 26, 2023)

Agus Dwi Darmawan 26/01/2023 13:56 WIB

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International Rice Price at Rp 5,436.6 per Kg (Thursday, January 26, 2023)

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Rice Prices Over the Past Three Months

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International unmilled rice prices on Thursday, January 26, 2023, saw an increase compared to the previous day. Daily transactions for the two-month-ahead contract were traded at USD 18.17 per hundredweight. This is equivalent to Rp 5,436.6 per kg, calculated using Bank Indonesia's recorded exchange rate of Rp 14,958 per dollar.

Based on historical data from investing.com, Katadata Insight Center (KIC) calculations show that the average unmilled rice price for the last week was USD 18.11 per hundredweight. This average price is higher than the previous week's USD 17.79 per hundredweight.

Meanwhile, monthly unmilled rice prices have shown an upward trend over the past 30 days. The average price for January was USD 17.88 per hundredweight, a 3.04 percent increase compared to the previous month's USD 17.35 per hundredweight. The highest average monthly unmilled rice price in the past 12 months was recorded in January 2023.

"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."