LOCAL AND INTERNATIONAL: WEEKLY WHITE AND RAW SUGAR PRICE AS AT 3RD NOVEMBER, 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/Bua/ Golden |
16,550 |
331,000 |
16,700 |
334,000 |
||||
| Kano
|
Singa | Refined
Dangote/ Bua/ Golden |
15,650 |
313,000 |
15,700 |
314,000 |
||||
| Lagos
|
Mile 12 | Refined
Dangote/Bua/ Golden |
16,000 |
320,000 |
16,300 |
326,000 |
||||
| Adamawa
|
Jimeta main market | Refined
Dangote/Bua/ Golden |
16,400 |
328,000 |
16,500 |
330,000 |
||||
| Kwara | Oja
Tuntun Market |
Refined
Dangote/Bua/ Golden |
16,000 |
320,000 |
16,600 |
332,000 |
||||
| Average
|
16,120 |
322,400 |
16,360 |
327,200 |
319.35 |
97,689.2 |
381.30 |
111,639.7 |
||
*NOTE: MT=Metric Tons (50kgx20), kg=kilogram, N=Nigerian currency naira, $=USD, Currency conversion US$1= N305.9 (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