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RV Price History

  • Final RV Price

2014/2015 Cost Breakdown

  • Farm Staff
  • Fertilizer
  • Chemicals
  • Fuels & Lubricants
  • Irrigation Costs
  • Licenses
  • Insurance
  • Mechanical Maintenance
  • Fixture Maintenance
  • Administration
  • Services
  • Sundry Items
  • Cane Transport
  • Depreciation

Subtotals: Expenditure

  • Sum of Real Farm Staff
  • Sum of Real Chemicals
  • Sum of Real Mechanical Maintenance
  • Sum of Real Fuels & Lubricants
  • Sum of Real Chemicals
  • Sum of Real Irrigation Costs
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Commentary for September RV Price:

The RV price payable at the end of September 2017 in respect of cane delivered in August 2017, was declared at R4 438.72 per ton. This represents a decrease of R10.85 per ton compared with the August 2017 price (for cane deliveries in July 2017). The main contributor to the decrease was the 0.53% decline in the sugar: RV ratio (93.51% vs. 94.04%). The apparent increase in cane quality, as measured by the higher RV% Cane (12.11% vs. 11.96%) increased the industry estimate of RV production by 11 407 tons. This higher cane quality has not yielded higher gross sugar production, which declined by 355 tons (1 970 048 tons vs.1 970 403 tons). The combination of lower sugar production (reduced revenue), in the wake of increased RV production was the main contributor to the lower RV price. The firmer weighted average R/$ exchange rate (13.17 vs.13.48) also impacted negatively on the price. The LMDE increase of 5 030 tons (1.326m tons vs. 1.321m tons) and the higher weighted average No.11 world market price (15.99 vs 15.31), were inadequate to offset the negative price reduction impact of the lower sugar:RV ratio. The gazetting of the sugar import duty of R2 131 per ton on 15 September 2017 came as welcome relief for the industry, which had long been under protected against imported sugar while awaiting the review and the gazetting of the duty adjustment by Government. The implementation of the R2 131 sugar duty has also given some hope that the lower expected level of imported sugar for the remainder of the season will stimulate local market demand and thus the outlook for the final price in 2017/18 has been revised upwards to R4 600.

RV price history 2000-2001 to current

Season Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Final
2000/01 999.66 1 033.68 1 049.86 1 058.62 1 068.47 1 072.64 1 082.51 1 075.25 1 079.16 1 087.71 1 085.34 1 105.00
2001/02 1 238.12 1 267.93 1 281.49 1 295.69 1 284.42 1 303.21 1 310.68 1 323.61 1 333.02 1 335.16 1 353.78 1 352.14
2002/03 1 333.98 1 327.25 1 321.13 1 368.52 1 383.32 1 390.76 1 391.97 1 363.79 1 348.54 1 359.15 1 358.14 1 368.79
2003/04 1 440.33 1 428.72 1 431.64 1 428.44 1 433.93 1 429.29 1 410.23 1 363.45 1 353.09 1 347.82 1 350.10 1 357.01
2004/05 1 240.93 1 245.27 1 259.81 1 275.85 1 278.47 1 290.80 1 300.96 1 298.04 1 290.07 1 290.27 1 296.99 1 297.19
2005/06 1 282.93 1 297.76 1 331.74 1 349.18 1 347.80 1 357.14 1 368.53 1 371.40 1 372.74 1 370.40 1 382.13 1 389.80
2006/07 1 664.04 1 669.99 1 665.30 1 714.17 1 667.70 1 659.99 1 653.52 1 694.21 1 701.73 1 702.06 1 701.90 1 701.86
2007/08 1 608.04 1 563.41 1 560.43 1 574.80 1 583.12 1 641.86 1 655.87 1 660.07 1 676.97 1 691.12 1 700.98 1 701.90
2008/09 1 795.27 1 756.71 1 757.47 1 909.49 1 918.48 1 921.68 1 952.46 1 967.75 1 979.33 1 975.18 1 976.40 2 011.18
2009/10 2 194.07 2 257.76 2 225.92 2 273.46 2 337.35 2 270.39 2 260.72 2 260.75 2 258.96 2 244.37 2 251.81 2 284.20
2010/11 2 480.76 2 465.32 2 496.75 2 535.58 2 549.99 2 569.55 2 569.55 2 568.37 2 565.71 2 554.55 2 550.20 2 572.14
2011/12 2 842.95 2 817.05 2 844.23 2 915.34 2 897.00 3 005.31 3 015.01 3 012.45 2 995.41 2 993.58 2 975.03 3 017.51
2012/13 3 174.12 3 126.74 3 139.67 3 168.83 3 156.99 3 156.57 3 171.85 3 160.59 3 163.78 3 158.58 3 155.20 3 197.32
2013/14 3 077.94 3 048.07 3 064.47 3 080.93 3 083.80 3 083.80 3 090.67 3 099.15 3 091.52 3 080.03 3 081.99 3 137.87
2014/15 3 299.07 3 338.58 3 337.56 3 330.46 3 300.12 3 274.31 3 374.04 3 384.28 3 377.68 3 358.02 3 359.21 3 437.97
2015/16 3 841.70 3 852.53 3 867.41 3 833.07 3 825.77 3 805.26 3 813.75 3 807.71 3 800.96 3 820.81 3 813.58 3 979.22
2016/17 4 446.08 4 423.46 4 399.57 4 438.71 5 041.76 4 995.63 4 960.67 4 923.61 4 911.49 4 875.57 4 853.84 4 931.91
2017/18 4 754.70 4 702.60 4 528.94 4 470.28  4 449.58  4438.72