FEBRUARY RV PRICE FOR 2011/12 SEASON

RV Price

Average RV Price per Ton	R 2 975,03
'd' Factor	0.387958

The RV price for 2011/12 in respect of cane delivered in January 2012 was declared at R2 975.03 per ton. The price was R18.56 per ton lower than the previous price (cane delivered in December 2011). Positive factors that impacted on the price were the 2 919 ton drop in sugar production (1 832 427 tons vs 1 835 346 tons) and the improved weighted average world market price (27.99 c/lb vs 27.93 c/lb). However the lower sugar:RV ratio (93.39% vs 93.59%) and the firmer weighted average R/$ exchange rate (7.47 vs 7.77) were the main contributors towards the overall decline of R18.56 in the RV price. Exchange rate and world market price volatility can still result in significant movement int he RV price at this late stage of the season because more than 50% of the export availability remains unpriced because the physical deliveries of export sugar to SAST have been below expectations. The final price for the 2011/12 season is expected to be R3 006 per ton.

CANEGROWERS will lead, protect and serve the interests of cane growers

Our People

CANEGROWERS management team is headed by an Executive Director and is structured into four divisions.

Executive Directorate David.Wayne@canegrowers.co.za Cell: 083 459 8209	Administration – Finance Human Resources Corporate Relations Information Technology

Economic Services Olivia.Finnemore@canegrowers.co.za Cell: 083 468 0670	Canefarms Economic Research Broad Based Black Economic Empowerment
Regional Services Kathy.Hurly@canegrowers.co.za Cell: 082 800 3333	Regional Offices Support to local Grower Leadership Business Advisory Services Grower Development and Training Land Reform
Industrial Affairs Thomas.Funke@canegrowers.co.za Cell: 083 262 0656	RV price Sugar Act Review Alternative Uses of Sugar Cane Division of Proceeds Local Market Export Market Technical – Mill Efficiencies

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