RV Price Avg. price per ton: R4 797.47  D'Factor: 0.426804 September 2020-2021

RV Price

Commentary for the Sept 2020 RV Price

The latest RV Price estimate for the 2020/21 season, which is payable at the end of September 2020, has been declared at R4797.47 per RV ton. 
This represents a further increase of R77.96 per RV ton compared with the previous price estimate.

 The increase is predominantly due to a large increase in the LMDE (1.366m vs 1.292m). Other positive price factors included a further decrease in the gross sugar tons estimate (2.162m vs 2.184m). Negative price factors that to some extent offset the price increase included a weaker weighted average estimated world sugar price (13.26USc/lb. vs 13.35USc/lb.), a stronger weighted average estimated Rand to US Dollar Exchange rate (R17.08 vs R17.24), a lower molasses production estimate (0.843m vs 0.871m), a rise in the local sugar rebates budget by R18m, and a small decline in the Sugar:RV ratio (93.64% vs 93.67%).