The November 2014 RV price for the 2014/15 season, in respect of cane delivered in October 2014, was declared at R3 384.28 per ton. This represents an increase of R10.24 compared with the previous price (cane delivered in September 2014). Main reasons for the increase were the 32 642 ton decline in sugar production (2,125m tons vs. 2,158m tons) and the marginally improved sugar:RV ratio (93.08% vs. 93.01%). The weaker spot No.11 price (16.32 USc/lb.vs. 16.92USc/lb) was the main negative input factor for the month.
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