Corn prices in Indonesia rebound as feedmillers start to restock

June 8, 2020

by Arief Fachrudin – Corn prices in Indonesia have started to rebound since early June, as feedmillers have resumed purchase, according to Dean Novel, Director of Datu Nusra Agribisnis, a corn producer based in West Nusa Tenggara. He told Asian Agribiz, the price of corn (15-16% moisture content) on June 4 at farmer level in the province increased to USD 0.24-0.25/kg from the previous USD 0.21-0.22. Meanwhile, the price at trader level, with the same moisture content and date, rose to USD 0.25-0.26/kg from USD 0.22-0.23.