LOCAL AND INTERNATIONAL: WEEKLY WHITE AND RAW SUGAR PRICE AS AT 25TH MAY, 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 |
15,000 |
300,000 |
15,300 |
306,000 |
|
|||
| Kano
|
Singa/
Kasuwar Rimi/ Sabon gari
|
Refined
Dangote/ Bua/ Golden |
15,100 |
302,000 |
15,300 |
306,000 |
||||
| Lagos
|
Mile 12 | Refined
Dangote/Bua/ Golden |
14,600 |
292,000 |
14,800 |
296,000 |
||||
| Adamawa
|
Jimeta main/Burnt market | Refined
Dangote/Bua/ Golden |
14,750 |
295,000 |
14,800 |
296,000 |
||||
| Kwara | OjaTuntun Market/ Oja Ipata /Yoruba Road | Refined
Dangote/Bua/ Golden |
14,750 |
295,000 |
15,270 |
305,400 |
||||
| Average
|
14,840 |
296,800 |
15,094 |
301,880 |
285.19 |
87,239.62 |
349.30 |
106,850.87 |
||
*NOTE: MT=Metric Tons (50kgx20), kg=kilogram, N=Nigerian currency naira, $=USD, Currency conversion US$1= N 305.9 (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