RV Price Avg. price per ton: R4 677.41  D'Factor: 0.420938 July 2020-2021

RV Price

Commentary for the July 2020 RV Price

The latest RV Price estimate for the 2020/21 season, which is payable at the end of July 2020, has been declared at R4 677.41 per RV ton.
This represents a further increase  of R70.42 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 (1.292m vs 1.269m) a reduction in the local sugar rebates budget of R21m, a stronger weighted average estimated world sugar price (13.21USc/lb. vs 13.13USc/lb.) and a weaker weighted average estimated Rand to US Dollar Exchange rate (R17.11 vs R16.88).