The JUNE 2015 RV price in respect of cane delivered in MAY 2015 was declared at R3 867.41 per ton. This represents an increase of R14.88 compared with the previous price (cane delivered in April 2015). The increase in the price is due mainly to the 20 134 ton drop in gross sugar production (1,754m tons vs. 1,774m tons), an improved average world market price (17.18c/lb vs.16.47c/lb.) and a weaker average R/US$ exchange rate (12.10 vs. 11.92). The decrease in the sugar:RV ratio (93.93% vs. 94.04%) would have had a negative effect but the overall impact was the increase of R14.88 per ton RV.
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