International Rice Price at Rp 5,328.8 per Kg (Monday, February 20, 2023)

Agus Dwi Darmawan 20/02/2023 13:49 WIB

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International Rice Price at Rp 5,328.8 per Kg (Monday, February 20, 2023)

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Rice Prices Over the Past Three Months

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International unmilled rice prices on Monday, February 20, 2023, saw an increase compared to the previous day. Daily transactions for the two-month-ahead contract were traded at USD 17.53 per hundredweight. This is equivalent to Rp 5,328.8 per kg, calculated using Bank Indonesia's recorded exchange rate of Rp 15,199 per dollar.

Based on historical data from investing.com, Katadata Insight Center (KIC) calculations show that the average unmilled rice price over the last week was USD 17.69 per hundredweight. This average price is lower than the previous week's USD 17.77 per hundredweight.

Meanwhile, over the past 30 days, monthly unmilled rice prices have shown a downward trend. The average price for February was USD 17.73 per hundredweight, down 1 percent compared to the previous month's USD 17.91 per hundredweight. The highest average monthly 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."