What is the price of molasses per kilogram/pound in South Africa today?
The retail price range for South Africa molasses is between US$ 1.44 and US$ 2.40 per kilogram or between US$ 0.65 and US$ 1.09 per pound(lb). Click here to see today's exact prices of molasses in South Africa
The retail price range in Rand for molasses is between ZAR 27.95 and ZAR 46.58 per kilogram or between ZAR 12.67 and ZAR 21.12 per pound(lb) in Johannesburg and Cape Town.
Wholesale prices
In 2024, the approximate wholesale price range for South Africa molasses is between US$ 1.01 and US$ 1.68 per kilogram or between US$ 0.46 and US$ 0.76 per pound(lb).
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South Africa Molasses Export Prices - Historical, Trends and Prediction
In 2016, the export price was 0.10 per Kg. In 2017, the export price was 0.19 per Kg. In 2018, the export price was 0.17per Kg. In 2019, the export price was 0.19per Kg. In 2020, the export price was 0.24 per Kg. For 2021, the export price is 0.26 per Kg. For 2022 and 2023, the predicted export price is 0.30per Kg.
The South Africa molasses exports are categorised as:
- Cane molasses resulting from the extraction or refining of sugar (HS code 170310)
- Beet molasses resulting from the extraction or refining of sugar (HS code 170390)
South Africa Molasses Import Prices - Historical, Trends and Prediction
The import price per kilogram of Molasses into South Africa over the last five years has been relatively stable. In 2017, the price was 0.10 US $ per kg, followed by a slight increase to 0.19 US $ per kg in 2018. The price then dropped to 0.10 US $ per kg in 2020, before rising again to 0.14 US $ per kg in 2021 and 0.19 US $ per kg in 2022. Based on this trend, it is likely that the import price per kilogram of Molasses into South Africa in 2023 will be 0.14 US $ per kg, and in 2024 it will be 0.19 US $ per kg.Export values for South Africa molasses
The total values in export for molasses in South Africa were US$ 1,034, US$ 3,841, US$ 1,412 and US$ 2,709 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in South Africa: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of molasses in other countries across Africa: Algeria molasses, Angola molasses, Botswana molasses, Burundi molasses, Cameroon molasses, Cape Verde molasses, Central African Republic molasses, Comoros molasses, DRC Congo molasses & Benin molasses.
South Africa molasses - Production, Exports, Imports, Seasons and HS Codes
In 2019 South Africa sold 2,913,449 tonnes of molasses. Through 2019 alone, the interest in South Africa molasses (processed category) has surged, recording a change of 6.273 % compared to the year 2018. Between 2017 and 2019, molasses' exports grew by 8 percent earning South Africa US$2.71m for the year 2019. South Africa's molasses exports are categorised as:
- Cane molasses resulting from the extraction or refining of sugar (HS code 170310)
- Beet molasses resulting from the extraction or refining of sugar (HS code 170390)
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South Africa molasses export values
In 2019, South Africa shipped molasses worth 2.71m USD, a surge of 91.93% from 2018's total molasses export of 1.412m USD. The yearly growth in value of South Africa molasses between 2017 to 2018 was -63.239 pc.
The annual variation in the volume of South Africa's molasses exports between 2017 and 2019 was 8% compared to a variation of 6.273% in the period between 2018 and 2019.
Export markets for South Africa molasses ( in '000$ )
South Africa's top destinations for molasses are Italy, the Netherlands, Namibia, Botswana and Australia.
South Africa bought 139,476 tonnes of molasses in 2019.