International Corn Price at Rp 3,020.5 per Kg (Tuesday, July 11, 2023)

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Agus Dwi Darmawan 11/07/2023 14:53 WIB

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International Corn Price at Rp 3,020.5 per Kg (Tuesday, July 11, 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 rising. Daily trading saw corn priced at USD 505 per bushel. Converted to Indonesian Rupiah (IDR), this is equivalent to Rp 3,020.5 per kg. This price is calculated using the exchange rate recorded by Bank Indonesia, which is Rp 15,190 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 511.86 per bushel. This average price is down compared to the previous week, which was recorded at USD 587.71 per bushel.

Meanwhile, on a monthly basis, corn prices have shown a downward trend over the past 30 days. The average corn price in July was recorded at USD 507.96 per bushel, down 11.75 percent compared to the previous month, which was at USD 575.6 per bushel. The highest average monthly corn price in the last 12 months was recorded in October 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."

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International Corn Price at Rp 3,020.5 per Kg (Tuesday, July 11, 2023)

International Corn Price at Rp 3,020.5 per Kg (Tuesday, July 11, 2023)

International Corn Price at Rp 3,020.5 per Kg (Tuesday, July 11, 2023)

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International Corn Price at Rp 3,020.5 per Kg (Tuesday, July 11, 2023)

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