SUMMARY OF AVERAGE LOCAL & INTERNATIONAL RAW AND REFINED SUGAR PRICE: JANUARY, 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
06/01/17 |
Lagos,
Kano, Abuja, Adamawa, kwara |
Refined |
18940 |
378800 |
19360 |
387200 |
449.39 |
136839.3 |
550.2 |
167535.9 |
| WEEK 2
13/01/17 |
Lagos,
Kano, Abuja Adamawa, kwara |
Refined |
19040 |
380800 |
19420 |
388400 |
453.14 |
137981.13 |
539.1 |
164155.95 |
| WEEK 3
20/01/17 |
Lagos,
Kano, Abuja Adamawa, kwara |
Refined |
19000 |
380000 |
19340 |
386800 |
462.39 |
141028.95 |
542.5 |
165462.5 |
| WEEK 4
27/01/17 |
Lagos,
Kano, Abuja Adamawa, kwara |
Refined |
19060 |
381200 |
19410 |
388200 |
448.29 |
136616.4 |
535.8 |
163285.05 |
| AVERAGE MONTH
TOTAL |
19010 |
380200 |
19383 |
387650 |
453.30 |
138116.44 |
541.9 |
165109.85 |
||
*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