LOCAL AND INTERNATIONAL: WEEKLY WHITE AND RAW SUGAR PRICE AS AT 19TH MAY, 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 |
17,900 |
358,000 |
18,200 |
364,000 |
||||
| Kano
|
Singa | Refined
Dangote/ Bua/ golden |
17,500 |
350,000 |
17,700 |
354,000 |
||||
| Lagos
|
Mile 12 | Refined
Dangote/Bua/ Golden |
17,200 |
344,000 |
17,500 |
350,000 |
||||
| Adamawa
|
Jimeta main market | Refined
Dangote/Bua/ Golden |
17,800 |
356,000 |
18,000 |
360,000 |
||||
| Kwara | Oja Tuntun market | Refined
Dangote/Bua/ Golden |
17,500 |
350,000 |
17,900 |
358,000 |
||||
| Average
|
17,580 |
351,600 |
17,860 |
357,200 |
358.15 |
109,396.92 |
459.2 |
140,262.64 |
||
*NOTE: MT=Metric Tons (50kgx20), kg=kilogram, N=Nigerian currency naira, $=USD, Currency conversion US$1=N305.45 (Nigeria Central Bank Rate) Weight conversion: 1000kg=1 Metric tonne, $/ton= c/lb x 22.04Country and State are NOT applicable to International raw and white sugar price.
Source: International Sugar Organization Market Report & Local Market Survey