The RV price in respect of cane delivered in January 2014, was declared at R3 081.99 per ton. The price increased by R1.96 compared with the previous price (for cane delivered in December 2013). The positive factors that contributed towards the higher price were the 2 654 drop in sugar production (2.352m tons vs. 2,355m tons), the weaker R/$ exchange rate (11.01 vs. 10.69) and the improved weighted average No.11 price (18.18 USc/lb. vs. 18.02 USc/lb). The lower sugar:RV did impact negatively on the price but the net effect of all input variables resulted in an increase of R1.96. With one month left before the
declaration of the final RV price for 2013/14, 7.6% of the estimated export availability remains unpriced and exposed to world market price volatility while 3.1% of expected USD revenue is exposed to exchange rate volatility.
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