SUMMARY OF AVERAGE LOCAL & INTERNATIONAL RAW AND REFINED SUGAR PRICE: AUGUST, 2018
| WEEK | SOURCE
(STATE) |
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 |
||
| WEEK 1
03/08/18 |
Lagos,
Kano, Abuja, Adamawa, kwara |
Refined
Dangote/Bua/ Golden |
14,608 |
292,100 |
14,830 |
296,600 |
252.35 |
77,208.93 |
323.85 |
99,081.90 |
| WEEK 2
10/08/18 |
Lagos,
Kano, Abuja Adamawa, kwara |
Refined
Dangote/Bua/ Golden |
14,613.2 |
292,264 |
14,823.2 |
296,464 |
248.17 |
75,952.42 |
316.85 |
96,971.94 |
| WEEK 3
17/08/18 |
Lagos,
Kano, Abuja Adamawa, kwara |
Refined
Dangote/Bua/ Golden |
14,620 |
292,400 |
14,833.2 |
296,664 |
238.91 |
73,130.35 |
308.15 |
94,324.71 |
| WEEK 4
24/08/18 |
Lagos,
Kano, Abuja Adamawa, kwara |
Refined
Dangote/Bua/ Golden |
14,763.2 |
295,264 |
15,023.26 |
300,465.4 |
239.35 |
73,265.03 |
310.05 |
94,906.30 |
| WEEK 5
31/08/18 |
Lagos,
Kano, Abuja Adamawa, kwara |
Refined
Dangote/Bua/ Golden |
14,767 |
295,332 |
15,027 |
300,532 |
246.18 |
75,368 |
324.65 |
99,391.59 |
| AVERAGE MONTH
TOTAL |
14,674.28 |
293,472 |
14,907.33 |
298,145.08 |
244.99 |
74,984.94 |
316.71 |
96,935.28 |
||
*NOTE: MT=Metric Tons (50kgx20), kg=kilogram, N=Nigerian currency naira, $=USD,
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