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RV Price History

  • Final RV Price

2014/2015 Cost Breakdown

  • Farm Staff
  • Fertilizer
  • Chemicals
  • Fuels & Lubricants
  • Irrigation Costs
  • Licenses
  • Insurance
  • Mechanical Maintenance
  • Fixture Maintenance
  • Administration
  • Services
  • Sundry Items
  • Cane Transport
  • Depreciation

Subtotals: Expenditure

  • Sum of Real Farm Staff
  • Sum of Real Chemicals
  • Sum of Real Mechanical Maintenance
  • Sum of Real Fuels & Lubricants
  • Sum of Real Chemicals
  • Sum of Real Irrigation Costs
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Commentary for September RV Price:

The RV Price payable at the end of September for the 2018/19 season, for all cane delivered up to the end of August 2018, has been determined by the South African Sugar Association at R3817.09 per RV ton. This price represents a significant increase of R286.99 per RV ton compared with the previous RV price estimate.

The higher price is heavily attributed to a very large increase in the Local Market Demand Estimate (LMDE) by 15.3% (1.6m vs 1.388m tons sugar), which is due to excessive buy-in sales in August 2018 resulting in monthly sales performing considerably ahead of estimate. Other positive price factors included an increase in the weighted average No. 11 world sugar price (US12.57c/lb. vs US12.05c/lb.), the weaker weighted average Rand to Dollar exchange rate (R14.09 vs R13.34), the marginal decrease in the estimate of gross sugar production (2.164m vs 2.175m tons), as well as a budget reduction in industrial market regional rebates to the Western and Eastern Cape provinces. Negative contributing factors included the continued decrease in the sugar to RV ratio (91.56% vs 92.03%) and the overall increase in industry costs.

RV price history 2000-2001 to current

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