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
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Postal
P.O. Box 888
Mount Edgecombe
4300
KwaZulu-Natal
South Africa
Tel:+27315087200
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Physical
Kwa-Shukela
170 Flanders Drive
Mount Edgecombe
4300
KwaZulu-Natal
South Africa |
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Regional Offices
Empangeni
Eston
Gingindlovu
Komati
Malelane
Mtubatuba
Noodsberg
Port Shepstone
Sezela
Umhlali |
035 772 3653
031 781 1090
035 337 1135
013 723 4177
013 790 0230
035 550 0314
033 503 1820
039 682 5122
039 975 3666
032 947 0176 |
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