SUMMARY OF AVERAGE LOCAL & INTERNATIONAL RAW AND REFINED SUGAR PRICE: FEBRUARY, 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
02/02/18 |
Lagos,
Kano, Abuja, Adamawa, Kwara |
Refined
Dangote/Bua/ Golden |
15,152.5 |
303,050 |
15,490 |
309,800 |
302.83 |
92,590.27 |
359.45 |
109,901.83 |
| WEEK 2
9/02/18 |
Lagos,
Kano, Abuja Adamawa, Kwara |
Refined
Dangote/Bua/ Golden |
14,972.5 |
299,450 |
15,400 |
308,000 |
300.62 |
91,944.62 |
356.60 |
109,066.11 |
| WEEK 3
16/02/18 |
Lagos,
Kano, Abuja Adamawa, Kwara |
Refined
Dangote/Bua/ Golden |
14,880 |
297,600 |
15,140 |
302,800 |
294.23 |
90,019.7 |
356.80 |
109,162.10 |
| WEEK 4
23/02/18 |
Lagos,
Kano, Abuja Adamawa, Kwara |
Refined
Dangote/Bua/ Golden |
14,880 |
297,600 |
15,140 |
302,800 |
299.08 |
91,503.52 |
361.20 |
110,509.14 |
| AVERAGE MONTH
TOTAL |
14,971.25 |
299,425 |
15,292.5 |
305,850 |
299.19 |
91,514.52 |
358.51 |
109,659.80 |
||
*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