International Corn Price at Rp 4,000 per Kg (Thursday, December 15, 2022)

Agus Dwi Darmawan 15/12/2022 14:36 WIB

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International Corn Price at Rp 4,000 per Kg (Thursday, December 15, 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 rising. Daily transactions show corn trading at USD 650 per bushel. This is equivalent to approximately Rp 4,000 per kg, calculated using Bank Indonesia's recorded exchange rate of Rp 15,620 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 643.54 per bushel. This average price is down compared to the previous week, which was recorded at USD 654.21 per bushel.

Meanwhile, on a monthly basis, corn prices have shown a downward trend over the past 30 days. The average corn price for December was recorded at USD 643.73 per bushel, down 4.13 percent compared to the previous month, which stood at USD 671.45 per bushel. The highest average monthly corn price in the last 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."