International Corn Price: Rp 2927.3 per Kg (Thursday, May 16, 2024)

International corn prices for the next two-month contract are observed to be falling. Daily trading saw corn priced at USD 462 per bushel. Converted to Indonesian Rupiah (IDR), this is equivalent to Rp 2,927.3 per kg. This price is calculated using the exchange rate recorded by Bank Indonesia, which is Rp 16,090 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 454.39 per bushel. This average price is higher than the previous week's USD 447.39 per bushel.

Meanwhile, on a monthly basis, corn prices have shown an upward trend over the past 30 days. The average corn price for May was USD 452.81 per bushel, a 4.18 percent increase compared to the previous month's price of USD 434.62 per bushel. The highest average monthly corn price in the last 12 months was recorded in June 2023.