International Rice Price at Rp 5,840 per Kg (Monday, February 12, 2024)

Agus Dwi Darmawan 13/02/2024 14:01 WIB

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The average paddy price in February was recorded at USD 18.51 per hundredweight, a 5.67 percent increase compared to the previous month's price of USD 17.52 per hundredweight.

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International Rice Price at Rp 5,840 per Kg (Monday, February 12, 2024)

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Rice Prices Over the Past Three Months

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International unhusked rice prices on Monday, February 12, 2024, were observed to have decreased compared to the previous day. Daily transactions for unhusked rice contracts for the next two months were traded at USD 18.61 per hundredweight. This is equivalent to Rp 5,840 per kg, calculated using the Bank Indonesia exchange rate of Rp 15,685 per dollar.

Based on historical data from investing.com, Katadata Insight Center (KIC) calculations show that the average unhusked rice price over the last week was USD 18.57 per hundredweight. This average price increased compared to the previous week, which was recorded at USD 17.99 per hundredweight.

Meanwhile, the monthly unhusked rice price has shown an upward trend over the past 30 days. The average unhusked rice price for February was recorded at USD 18.51 per hundredweight, a 5.67 percent increase compared to the previous month, which stood at USD 17.52 per hundredweight. The highest average monthly unhusked rice price in the last 12 months was recorded in February 2024.

"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."