LOCAL AND INTERNATIONAL: WEEKLY WHITE AND RAW SUGAR PRICE AS AT 2ND FEBRUARY, 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/Bua/ Golden |
15,562.5 |
311,250 |
15,750 |
315,000 |
||||
| Kano
|
Singa | Refined
Dangote/ Bua/ Golden |
14,500 |
290,000 |
14,700 |
294,000 |
||||
| Lagos
|
Mile 12 | Refined
Dangote/Bua/ Golden |
15,500 |
310,000 |
15,700 |
314,000 |
||||
| Adamawa
|
Jimeta main market | Refined
Dangote/Bua/ Golden |
15,000 |
300,000 |
15,200 |
304,000 |
||||
| Kwara | Oja
Tuntun Market |
Refined
Dangote/Bua/ Golden |
15,200 |
304,000 |
16,100 |
322,000 |
||||
| Average
|
15,152.5 |
303,050 |
15,490 |
309,800 |
302.83 |
92,590.27 |
359.45 |
109,901.83 |
||
*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