LOCAL AND INTERNATIONAL: WEEKLY WHITE AND RAW SUGAR PRICE AS AT 15TH DECEMBER, 2017
| STATE/ CITY | SOURCE
(MARKET) |
SUGAR
TYPE |
WHOLESALE
N/50KG |
WHOLESALE
N/MT |
RETAIL
N/50KG |
RETAIL
N/MT |
INTERNATIONAL
RAW SUGAR AVERAGE PRICE
$/MT N/MT |
INTERNATIONAL.
WHITE SUGAR AVERAGE PRICE
$/MT N/MT |
||
| Abuja
|
Garki/ Wuse | Refined
Dangote/ Golden |
15,900 |
318,000 |
16,000 |
320,000 |
||||
| Kano
|
Singa | Refined
Dangote/ Bua/ Golden |
15,500 |
310,000 |
15,700 |
314,000 |
||||
| Lagos
|
Mile 12 | Refined
Dangote/Bua/ Golden |
15,500 |
310,000 |
15,800 |
316,000 |
||||
| Adamawa
|
Jimeta main market | Refined
Dangote/Bua/ Golden |
15,500 |
310,000 |
15,700 |
314,000 |
||||
| Kwara | Oja Tuntun market | Refined
Dangote/Bua/ Golden |
16,100 |
322,000 |
16,800 |
336,000 |
||||
| Average
|
15,700 |
314,000 |
16,000 |
320,000 |
299.30 |
91,660.62 |
360.55 |
110,418.43 |
||
*NOTE: MT=Metric Tons (50kgx20), kg=kilogram, N=Nigerian currency naira, $=USD, Currency conversion US$1=N306.25 (Nigeria Central Bank Rate) Weight conversion: 1000kg=1 Metric tonne, $/ton= c/lb x 22.04
Country and State are NOT applicable to International raw and white sugar price.
Source: International Sugar Organization Market Report & Local Market Survey