International Rice Price at Rp 5477.3 per Kg (Wednesday, December 20, 2023)

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Agus Dwi Darmawan 21/12/2023 13:52 WIB

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International Rice Price at Rp 5477.3 per Kg (Wednesday, December 20, 2023)

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Rice Prices Over the Past Three Months

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International unmilled rice prices on Wednesday, December 20, 2023, saw an increase compared to the previous day. Daily transactions for unmilled rice contracts two months forward were traded at USD 17.655 per hundredweight. This is equivalent to Rp 5,477.3 per kg, calculated using Bank Indonesia's recorded exchange rate of Rp 15,512 per dollar.

Based on Katadata Insight Center (KIC) calculations from historical data available on investing.com, the average unmilled rice price over the last week was USD 17.19 per hundredweight. This average price is higher than the previous week's recorded price of USD 17.01 per hundredweight.

Meanwhile, monthly unmilled rice prices have shown an upward trend over the past 30 days. The average December price was recorded at USD 17.1 per hundredweight, a 1.06 percent increase compared to the previous month's price of USD 16.92 per hundredweight. The highest average monthly unmilled 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."