December 2021/2022 Price Commentary:

The latest provisional RV Price for the 2021/22 season, which is payable at the end of December 2021, has been declared at R5 360.19 per RV ton. This represents an increase of R23.71 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 (1.881m vs 1.898m), an unexpected rise in the sugar to RV ratio (90.60% vs 90.37%) and the further November 2021 molasses notional price increase.