LOCAL AND INTERNATIONAL: WEEKLY WHITE AND RAW SUGAR PRICE AS AT 16TH MARCH, 2018
| 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/ Bua |
15,300 |
306,000 |
15,500 |
310,000 |
||||
| Kano
|
Singa | Refined
Dangote/ Bua/ Golden |
14,813.33 |
296,267 |
15,066.66 |
301,333.2 |
||||
| Lagos
|
Mile 12 | Refined
Dangote/Bua/ Golden |
14,800 |
296,000 |
15,000 |
300,000 |
||||
| Adamawa
|
Jimeta main market | Refined
Dangote/Bua/ Golden |
14,950 |
299,000 |
15,300 |
306,000 |
||||
| Kwara | OjaTuntun Market | Refined
Dangote/Bua/ Golden |
15,166.66 |
302,333.2 |
15,966.66 |
319,333.2 |
||||
| Average
|
15,005.99 |
299,920.04 |
15,366.66 |
307,333.3 |
284.53 |
86,995.04 |
347.20 |
106,156.4 |
||
*NOTE: MT=Metric Tons (50kgx20), kg=kilogram, N=Nigerian currency naira, $=USD, Currency conversion US$1= N305.75 (Nigeria Central Bank Rate)
Weight conversion: 1000kg=1 Metric tonne,$/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