LOCAL AND INTERNATIONAL: WEEKLY WHITE AND RAW SUGAR PRICE AS AT 23RD 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/ Golden |
15,300 |
306,000 |
15,400 |
308,000 |
||||
| Kano
|
Singa | Refined
Dangote/ Bua/ Golden |
14,400 |
288,000 |
14,500 |
290,000 |
||||
| Lagos
|
Mile 12 | Refined
Dangote/Bua/ Golden |
15,000 |
300,000 |
15,200 |
304,000 |
||||
| Adamawa
|
Jimeta main market | Refined
Dangote/Bua/ Golden |
14,900 |
298,000 |
15,000 |
300,000 |
||||
| Kwara | OjaTuntun Market | Refined
Dangote/Bua/ Golden |
14,800 |
296,000 |
15,600 |
312,000 |
||||
| Average
|
14,880 |
297,600 |
15,140 |
302,800 |
299.08 |
91,503.52 |
361.20 |
110,509.14 |
||
*NOTE: MT=Metric Tons (50kgx20), kg=kilogram, N=Nigerian currency naira, $=USD, Currency conversion US$1= N305.95 (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