International Corn Price at Rp 2645.3 per Kg (Monday, July 15, 2024)

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Agus Dwi Darmawan 15/07/2024 15:35 WIB

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The average price of corn in July was recorded at USD 403.15 per bushel, down 8.25 percent compared to the previous month, which was USD 439.39 per bushel.

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International Corn Price at Rp 2645.3 per Kg (Monday, July 15, 2024)

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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 410.5 per bushel. This is equivalent to Rp 2,645.3 per kg, calculated using the Bank Indonesia exchange rate of Rp 16,370 per dollar.

Based on historical data from Yahoo Finance, Katadata Insight Center (KIC) calculations show that the average corn price over the last week was USD 403.96 per bushel. This average price is lower than the previous week's USD 408.61 per bushel.

Meanwhile, monthly corn prices have shown a downward trend over the past 30 days. The average corn price for July was USD 403.15 per bushel, down 8.25 percent compared to the previous month's price of USD 439.39 per bushel. The highest average monthly corn price in the last 12 months was recorded in October 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."