The August RV Price for the 2019/20 season, which is payable at the end of August 2019, has been declared at R4209.94 per RV ton.
This represents an increase of R0.57 per RV ton compared with the July 2019/20 RV Price estimate.
The slightly higher price is mainly due to the stronger weighted average estimated Rand to US Dollar Exchange rate (R15.05 vs R14.18) and an increase in the gross sugar production estimate (2.248m vs 2.238m). The world price remained relatively constant. The Local Market Demand Estimate remains unchanged (1.332m), as agreed by SASA Council in March 2019.