International Rice Price at Rp 5,550.2 per Kg (Thursday, December 22, 2022)

Agus Dwi Darmawan 22/12/2022 13:53 WIB

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International Rice Price at Rp 5,550.2 per Kg (Thursday, December 22, 2022)

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Rice Prices Over the Past Three Months

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International rice prices on Thursday, December 22, 2022, were observed to have decreased compared to the previous day. Daily transactions for two-month-ahead rice contracts were traded at USD 17.79 per hundredweight. This is equivalent to Rp 5,550.2 per kg, calculated using the Bank Indonesia exchange rate of Rp 15,601 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 17.23 per hundredweight. This average price is higher than the previous week's USD 16.79 per hundredweight.

Meanwhile, monthly rice prices show a downward trend over the past 30 days. The average rice price for December was USD 17.1 per hundredweight, down 3.31 percent compared to the previous month's USD 17.68 per hundredweight. The highest average monthly rice price in the past 12 months was recorded in November 2022.

"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."