The January 2015 RV price for the 2014/15 season, in respect of cane delivered in
December 2014, was declared at R3 358.02 per ton. This represents a decrease of R19.65 compared with the previous price (cane delivered in November 2014). Main reasons for the decrease were the lower sugar:RV ratio (92.36% vs. 92.79%), the further decline of the spot No.11 world market price (14.78 USc/lb. vs. 15.10 USc/lb) and the marginal improvement in sugar production (2.119m tons vs. 2.115m tons) The weaker R/$ exchange rate (11.15 vs 11.18) did have a positive effect but this was overshadowed by the negative factors.
We lead, protect, communicate and serve the interests of cane growers.