RV PRICE COMMENTARY - SEPTEMBER 2024/25

The latest provisional RV Price for the 2024/25 season, has been declared at R7 404.69 per RV ton.

This represents an increase of R95.47 from last month’s price estimate.The higher RV Price estimate is largely due to a lower gross sugar production estimate (1.992m vs 2.053m) and a rise in the season weighted-average estimated No. 11 world sugar price (US20.42c/lb. vs US19.78c/lb.).

Other positive price factors included a decline in industry costs (R937m vs R943m). Negative factors included a drop in the sugar to RV ratio (94.49% vs 94.66%) and a very slightly stronger season weighted-average estimated Rand to US Dollar Exchange rate (R18.40/US$ vs R18.41/US$).