The MAY 2015 RV price in respect of cane delivered in APRIL 2015 was declared at R3,852.53 per ton. This represents an increase of R10.83 compared with the previous price (cane delivered in March 2014). The increase in the price is due mainly to the 44,886 ton drop in gross sugar production (1,774m tons vs.1.819m tons), an improved average world market price (16.47c/lb vs. 15.17c/lb) and a weaker average R/US$ exchange rate (11.92 vs 11.83). The decrease in the sugar: RV ratio (94.04% vs. 94.72%) would have had a negative effect but the overall impact was the increase of R10.83 per ton RV.
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