The latest RV Price estimate for the 2019/20 season, which is payable at the end of February 2020, has been declared at R4 190.09 per RV ton.
This represents an increase of R19.88 per RV ton compared with the previous RV price estimate.
The higher price is due to the stronger estimated weighted average world sugar price (12.92USc/lb. vs 12.87USc/lb.), the weaker estimated weighted average estimated Rand to US Dollar Exchange rate (R14.85 vs R14.65) and a further decrease to the gross sugar production estimate (2.223m vs 2.224m). Negative price factors included a further drop in the Sugar to RV Ratio (91.81% vs 91.85%).
The Local Market Demand Estimate remained unchanged at 1.251m, as agreed by SASA Council on 13 November 2019.