International Unmilled Rice Price: Rp 5,016.8 per Kg (Friday, November 3, 2023)

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Agus Dwi Darmawan 04/11/2023 14:04 WIB

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International Unmilled Rice Price: Rp 5,016.8 per Kg (Friday, November 3, 2023)

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Rice Prices Over the Past Three Months

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International rice prices on Friday, November 3, 2023, saw an increase compared to the previous day. Daily transactions for two-month-ahead rice contracts were traded at USD 15.9 per hundredweight. This is equivalent to Rp 5,016.8 per kg, calculated using Bank Indonesia's recorded exchange rate of Rp 15,771 per dollar.

Based on historical data from investing.com, Katadata Insight Center (KIC) calculations show that the average rice price over the last week was USD 16.05 per hundredweight. This average price is higher than the previous week's USD 15.95 per hundredweight.

Meanwhile, monthly rice prices have shown an upward trend over the past 30 days. The average rice price for November is recorded at USD 15.9 per hundredweight, down 0.23 percent compared to the previous month's USD 15.94 per hundredweight. The highest average monthly rice price in the past 12 months was recorded in June 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."