RV Price Commentary

The sixth provisional RV Price, for the 2026/27 season, has been declared at R6 845.11 per RV ton. This represents an increase of R196.83 per RV ton, compared to the previous monthly RV Price estimate. The higher monthly RV Price estimate was mostly due to a lower sugar production estimate (1.910mt vs 2.000mt) and a stronger season weighted-average estimated No. 11 world sugar price (US16.60c/lb. vs US16.34c/lb.). In addition, there was a further reduction to the total industry costs budget by R35m, a slightly higher Sugar:RV ratio (93.31% vs 93.27%), and a marginal increase in local market proceeds (+R10m) due to prior season adjustments. Negative price factors included a lower molasses season production estimate (0.701mt vs 0.720mt).