SUMMARY OF AVERAGE LOCAL & INTERNATIONAL RAW AND REFINED SUGAR PRICE: FEBRUARY, 2017
| 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
03/02/17 |
Lagos,
Kano, Abuja, Adamawa, kwara |
Refined |
19210 |
384200 |
19460 |
389200 |
459.31 |
139970.12 |
546.5 |
166540.41 |
| WEEK 2
10/02/17 |
Lagos,
Kano, Abuja Adamawa, kwara |
Refined |
19110 |
382200 |
19380 |
387600 |
457.55 |
139323.97 |
544.4 |
165769.8 |
| WEEK 3
17/02/17 |
Lagos,
Kano, Abuja Adamawa, kwara |
Refined |
19110 |
382200 |
19380 |
387600 |
451.37 |
137667.85 |
553.5 |
168817.5 |
| WEEK 4
24/02/17 |
Lagos,
Kano, Abuja Adamawa, kwara |
Refined |
19020 |
380400 |
19280 |
385600 |
456.44 |
139214.2 |
560.5 |
170952.5 |
| AVERAGE MONTH
TOTAL |
19112.5 |
382250 |
19375 |
387500 |
456.16 |
139044.03 |
551.22 |
168020.05 |
||
*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