The April 2014 RV price for the 2014/15 season, in respect of cane delivered in March 2014, was declared at R3 299.07 per ton. This represents an increase of R161.20 compared with the previous price (Final price for the 2013/14 season). The main reasons for the substantial increase were the inflation-related domestic sugar price increase that came into effect in early March 2014, the 7 343 ton increase in the LMDE, the 39 244 tons reduction in sugar production and the improved sugar:RV ratio (94.11% vs 93.39%). The decline in the world market weighted average sugar price (18.01 vs. 18.28) and the firming spot R/$ exchange rate (10.48 vs.10.72) did play a role in limiting the extent of the
increase to R161.20 per ton.
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