November 2021/2022 Price Commentary:

The latest provisional RV Price for the 2021/22 season, which is payable at the end of November 2021, has been declared at R5336.48 per RV ton. This represents a minor increase of R3.02 per RV ton compared with the previous price estimate. The higher price is mainly due to the continual decline in the gross sugar production estimate (1.898m vs 1.940m), which is mostly offset by the sharply lower sugar to RV ratio (90.37% vs 90.78%).