RV Price Avg. price per ton: R4 205.68 D'Factor: 0.403851 May 2019

Commentary

Commentary for May RV Price

The May RV Price for the 2019/20 season, which is payable at the end of May 2019, has been declared at R4205.68 per RV ton.


 This represents a decrease of R39.76 per RV ton compared with the April 2019/20 RV price estimate. The lower price is mainly due to the weaker estimated weighted average world sugar price (12.34USc/lb. vs 13.27USc/lb.) and an increase in the gross sugar production estimate (2.205m vs 2.176m). In addition, the weighted average estimated local sugar price decreased due to a R79m increase in the rebates budget. Positive RV Price factors included a weaker weighted average estimated Rand to US Dollar Exchange rate (R14.45 vs R13.98) and a large increase in sugar to RV ratio (93.41% vs 92.46%), which is mainly attributed to the higher 'd' factor. The Local Market Demand Estimate remains unchanged (1.332m), as agreed by SASA Council in March 2019.

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  4443.36  4418.04  4376.96  4292.14  4249.68  4 187.11
2018/19 3 824.10  3 783.26 3 846.62 3 639.08 3 530.10 3 817.09 4 019.94 3 997.98 3 888.66 3 808.72 3 701.61 3 574.41
2019/20 4 245.44 4 205.68