RV Price Avg. price per ton: R4 170.22  D'Factor: 0.398345 January 2020

RV Price

Commentary for January RV Price

The latest RV Price estimate for the 2019/20 season, which is payable at the end of January 2020, has been declared at R4 170.22 per RV ton. 

 

 

The latest RV Price estimate for the 2019/20 season, which is payable at the end of January 2020, has been declared at R4 170.22 per RV ton. 

This represents a marginal decrease of R7.29 per RV ton compared with the previous RV price estimate.

The lower price is mainly due to the stronger estimated weighted average estimated Rand to US Dollar Exchange rate (R14.65 vs R14.77) and a further drop in the Sugar to RV Ratio (91.85% vs 92.23%).

Positive price factors included a further decrease to the gross sugar production estimate (2.224m vs 2.244m) and the stronger weighted average world sugar price (12.87USc/lb. vs 12.84USc/lb.).

The Local Market Demand Estimate remained unchanged at 1.251m, as agreed by SASA Council on 13 November 2019.