RV Price Avg. price per ton: R4 606.99  D'Factor: 0.417206 June 2020-2021

RV Price

Commentary for the June 2020 RV Price

The latest RV Price estimate for the 2020/21 season, which is payable at the end of June 2020, has been declared at R4 606.99 per RV ton. This represents an increase  of R81.65 per RV ton compared with the previous price estimate.

Positive price factors, which contributed to the price increase, included a stronger weighted average estimated world sugar price (13.13USc/lb. vs 12.14USc/lb), an increase to the LMDE (1.269m vs 1.255m) and a higher estimated Sugar to RV Ratio (93.88% vs 93.67%).

Negative price factors included a stronger weighted average estimated Rand to US Dollar Exchange rate (R16.88 vs R17.48).