International Corn Price at Rp 2796.6 per Kg (Thursday, April 4, 2024)

International corn prices for the next two-month contract are observed to be rising. Daily trading shows corn priced at USD 446.5 per bushel. This is equivalent to Rp 2,796.6 per kg, calculated using Bank Indonesia's recorded exchange rate of Rp 15,910 per dollar.

Based on Katadata Insight Center (KIC) calculations from historical data available on Yahoo Finance, the average corn price over the last week was USD 434.5 per bushel. This average price is down compared to the previous week, which was recorded at USD 438.43 per bushel.

Meanwhile, on a monthly basis, corn prices have shown an upward trend over the past 30 days. The average corn price for April is recorded at USD 435.0625 per bushel, up 1.3 percent compared to the previous month, which was at USD 429.5 per bushel. The highest average monthly corn price in the last 12 months was recorded in June 2023.