The December 2014 RV price for the 2014/15 season, in respect of cane delivered in November 2014, was declared at R3 377.68 per ton. This represents a decrease of R6.60 compared with the previous price (cane delivered in October 2014). Main reasons for the decrease were the lower sugar:RV ratio (92.79% vs. 93.08%), the sharp decline of the spot No.11 world market price (15.10USc/lb. vs. 16.36 USc/lb) and the marginally firmer R/$ exchange rate (11.15 vs 11.18). The 9 822 ton decline in sugar production (2.116 tons vs. 2,125m tons) was the sole positive contributor to the price for the month.
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