LOCAL AND INTERNATIONAL: WEEKLY WHITE AND RAW SUGAR PRICE AS AT 24TH AUGUST, 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 |
14,900 |
298,000 |
15,000 |
300,000 |
||||
| Kano
|
Singa | Refined
Dangote/ Bua/ Golden |
14,816 |
296,320 |
14,983.33 |
299,667 |
||||
| Lagos
|
Mile 12 | Refined
Dangote/Bua/ Golden |
14,700 |
294,000 |
14,900 |
298,000 |
||||
| Adamawa
|
Jimeta main market | Refined
Dangote/Bua/ Golden |
15,400 |
308,000 |
15,500 |
310,000 |
||||
| Kwara | OjaTuntun Market | Refined
Dangote/Bua/ Golden |
14,000 |
280,000 |
14,733 |
294,660 |
||||
| Average
|
14,763.2 | 295,264 | 15,023.26 | 300,465.40 | 239.35 | 73,265.03 | 310.05 | 94,906.30 | ||
*NOTE: MT=Metric Tons (50kgx20), kg=kilogram, N=Nigerian currency naira, $=USD, Currency conversion US$1= N 306.1 (Nigeria Central Bank Rate)
Weight conversion: 1000kg=1 Metric tonne,$/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