RV Price Commentary

The seventh provisional RV Price for the 2026/27 season has been declared at R7 091.20 per RV ton. This represents a substantial increase of R246.09 per RV ton compared to the previous month’s RV Price estimate. The increase was largely driven by a lower sugar production estimate (1.841mt vs 1.910mt) and increases in the notional prices of sugar and molasses. Additional positive price factors included a higher season-weighted average estimated No. 11 world sugar price (US16.72c/lb. vs US16.60c/lb.). Negative price factors included a lower Sugar ratio (93.13% vs 93.31%) and an increase of R38 million in industry costs.