LOCAL AND INTERNATIONAL: WEEKLY WHITE AND RAW SUGAR PRICE AS AT 6TH JULY, 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 |
14,800 |
296,000 |
15,000 |
300,000 |
||||
| Kano
|
Singa/
Kasuwar Rimi/ Sabongari
|
Refined
Dangote/ Bua/ Golden |
14,700 |
294,000 |
14,900 |
298,000 |
||||
| Lagos
|
Mile 12 | Refined
Dangote/Bua/ Golden |
14,800 |
296,000 |
15,000 |
300,000 |
||||
| Adamawa
|
Jimeta -main/Burnt market | Refined
Dangote/Bua/ Golden |
14,700 |
294,000 |
14,800 |
296,000 |
||||
| Kwara | OjaTuntun Market/ OjaIpata /Yoruba Road | Refined
Dangote/Bua/ Golden |
13, 833 |
276,660 |
14, 366.67 |
287,333.40 |
||||
| Average
|
14,566.6 | 291,332 | 14,813.33 | 296,266.68 | 264.26 | 80,784.28 | 336.75 | 102,944.47 | ||
*NOTE: MT=Metric Tons (50kgx20), kg=kilogram, N=Nigerian currency naira, $=USD, Currency conversion US$1= N 305.7 (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