The higher price is mostly due to notional price increases for sugar and molasses, which was effective from 2 September 2020. Other positive price factors, included a further decrease in the gross sugar tons estimate (2.128m vs 2.162m), a stronger weighted average estimated world sugar price (13.56USc/lb. vs 13.26USc/lb.) and an increase in the molasses production estimate (0.845m vs 0.843m). Negative price factors that somewhat offset a further price increase included a large decline in the Sugar:RV ratio (93.31% vs 93.64%) and a marginally stronger weighted average estimated Rand to US Dollar Exchange rate (R17.06 vs R17.08). As agreed by SASA Council last month, the LMDE remained at 1.366m.