International Corn Price at Rp 3,053.5 per Kg (Tuesday, October 24, 2023)

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Agus Dwi Darmawan 25/10/2023 15:01 WIB

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International Corn Price at Rp 3,053.5 per Kg (Tuesday, October 24, 2023)

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Corn Prices Over the Past Three Months

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International corn prices for the next two-month contract are observed to be falling. Daily trading saw corn priced at USD 488.75 per bushel. This is equivalent to Rp 3,053.5 per kg, based on the Bank Indonesia exchange rate of Rp 15,870 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 492.93 per bushel. This average price is higher than the previous week's USD 491.5 per bushel.

Meanwhile, monthly corn prices have shown an upward trend over the past 30 days. The average corn price in October was USD 491.37 per bushel, a 3.71 percent increase compared to the previous month's USD 473.79 per bushel. The highest average monthly corn price in the past 12 months was recorded in February 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."

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International Corn Price at Rp 3,053.5 per Kg (Tuesday, October 24, 2023)

International Corn Price at Rp 3,053.5 per Kg (Tuesday, October 24, 2023)

International Corn Price at Rp 3,053.5 per Kg (Tuesday, October 24, 2023)

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International Corn Price at Rp 3,053.5 per Kg (Tuesday, October 24, 2023)

International Corn Price at Rp 3,053.5 per Kg (Tuesday, October 24, 2023)

International Corn Price at Rp 3,053.5 per Kg (Tuesday, October 24, 2023)

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