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International Corn Price at Rp 3,276.8 per Kg (Monday, May 22, 2023)

Agus Dwi Darmawan 22/05/2023 14:49 WIB

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International Corn Price at Rp 3,276.8 per Kg (Monday, May 22, 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 557.25 per bushel. Converted to Indonesian Rupiah (IDR), this is equivalent to Rp 3,276.8 per kg. This price is calculated using the exchange rate recorded by Bank Indonesia, which is Rp 14,940 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 568.68 per bushel. This average price is lower than the previous week's price of USD 588.36 per bushel.

Meanwhile, for the monthly period, corn prices have shown a downward trend over the past 30 days. The average corn price in May was USD 579.36 per bushel, down 7.85 percent compared to the previous month's price of USD 628.72 per bushel. The highest average monthly corn price in the last 12 months was recorded in June 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 3,276.8 per Kg (Monday, May 22, 2023)

International Corn Price at Rp 3,276.8 per Kg (Monday, May 22, 2023)

International Corn Price at Rp 3,276.8 per Kg (Monday, May 22, 2023)

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International Corn Price at Rp 3,276.8 per Kg (Monday, May 22, 2023)

International Corn Price at Rp 3,276.8 per Kg (Monday, May 22, 2023)

International Corn Price at Rp 3,276.8 per Kg (Monday, May 22, 2023)

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