International Corn Price at Rp 4,030 per Kg (Friday, December 16, 2022)

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Agus Dwi Darmawan 16/12/2022 14:28 WIB

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International Corn Price at Rp 4,030 per Kg (Friday, December 16, 2022)

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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 rising. Daily trading saw corn priced at USD 654.25 per bushel. Converted to Indonesian Rupiah, this is equivalent to Rp 4,030 per kg. This price is calculated using the exchange rate recorded by Bank Indonesia, which is Rp 15,630 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 647.32 per bushel. This average price is lower than the previous week's USD 648.89 per bushel.

Meanwhile, on a monthly basis, corn prices have shown a downward trend over the past 30 days. The average corn price in December was USD 644.6 per bushel, down 4 percent compared to the previous month's price of USD 671.45 per bushel. The highest average monthly corn price in the last 12 months was recorded in May 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."