September 2021/2022 Price Commentary:

The latest provisional RV Price for the 2021/2022 season, which is payable at the end of September 2021, has been declared at R5 262.66 per RV ton.

This represents an increase of R6.80 per RV ton compared with the previous price estimate.

The higher price is mainly due to a further reduction in the gross sugar production estimate (1.997m vs 2.013m) and an increase to the molasses notional price.

Negative price factors included the stronger weighted average Rand to US Dollar exchange rate (R14.72 vs R14.87)