International Corn Price at Rp 4,088.2 per Kg (Tuesday, October 4, 2022)

Agus Dwi Darmawan 04/10/2022 14:27 WIB

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International Corn Price at Rp 4,088.2 per Kg (Tuesday, October 4, 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 falling. Daily trading saw corn priced at USD 679 per bushel. This is equivalent to Rp 4,088.2 per kg, calculated using the Bank Indonesia exchange rate of Rp 15,290 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 673.29 per bushel. This average price is down compared to the previous week, which was USD 682.86 per bushel.

Meanwhile, monthly corn prices have shown an upward trend over the past 30 days. The average corn price in October was USD 681.75 per bushel, up 0.19 percent compared to the previous month's price of USD 680.44 per bushel. The highest average monthly corn price in the past 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."