International Rice Price at Rp 5,068.8 per Kg (Thursday, April 27, 2023)

Agus Dwi Darmawan 27/04/2023 13:59 WIB

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International Rice Price at Rp 5,068.8 per Kg (Thursday, April 27, 2023)

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Rice Prices Over the Past Three Months

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International rice prices on Thursday, April 27, 2023, saw an increase compared to the previous day. Daily transactions for the two-month-ahead rice contract were traded at USD 17.03 per hundredweight. This is equivalent to Rp 5,068.8 per kg, calculated using Bank Indonesia's recorded exchange rate of Rp 14,882 per dollar.

Based on historical data from investing.com, Katadata Insight Center (KIC) calculations show that the average rice price over the last week was USD 16.95 per hundredweight. This average price is lower than the previous week's USD 17.22 per hundredweight.

Meanwhile, monthly rice prices have shown a downward trend over the past 30 days. The average rice price for April was USD 17.01 per hundredweight, down 0.41 percent compared to the previous month's USD 17.08 per hundredweight. The highest average monthly rice price in the past 12 months was recorded in January 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."