The RV price in respect of cane delivered in October 2013 was declared at R3 099.15 per ton. The price increased by R8.48 compared with the previous price (for cane delivered in September 2013). The factors that contributed positively towards the price were the 15 809 ton decline in sugar production (2,346m tons vs. 2,362 tons) and the 28 337 ton reduction in the LMDE. Despite the weaker spot exchange rate (10.32 vs. 9.98), the average weighted average R/$ exchange rate remained unchanged at 9.94. The softening of the weighted average No.11 price (18.30 vs. 18.33) had a slight negative effect on the price. The negative impact of the world price was offset by the positive variables.
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