International Rice Price at Rp 5,123.3 per Kg (Thursday, September 7, 2023)

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Agus Dwi Darmawan 07/09/2023 13:46 WIB

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International Rice Price at Rp 5,123.3 per Kg (Thursday, September 7, 2023)

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Rice Prices Over the Past Three Months

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International paddy rice prices on Thursday, September 7, 2023, showed a decline compared to the previous day. Daily transactions for the two-month-ahead contract were traded at USD 16.73 per hundredweight. This is equivalent to Rp 5,123.3 per kg, calculated using Bank Indonesia's recorded exchange rate of Rp 15,307 per dollar.

Based on historical data from investing.com, Katadata Insight Center (KIC) calculations show that the average paddy rice price over the last week was USD 16.72 per hundredweight. This average price is higher than the previous week's USD 15.78 per hundredweight.

Meanwhile, monthly paddy rice prices have shown an upward trend over the past 30 days. The average paddy rice price for September is recorded at USD 16.71 per hundredweight, a 5.17 percent increase compared to the previous month's USD 15.89 per hundredweight. The highest average monthly paddy rice price in the last 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."