SUMMARY OF AVERAGE LOCAL & INTERNATIONAL RAW AND REFINED SUGAR PRICE: JULY, 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
07/07/17 |
Lagos,
Kano, Abuja, Adamawa, kwara |
Refined
Dangote/Bua/ Golden |
17,640 |
352,800 |
17,900 |
358,000 |
322.10 |
98,562.6 |
418.10 |
127,938.6 |
| WEEK 2
14/07/17 |
Lagos,
Kano, Abuja Adamawa, kwara |
Refined
Dangote/Bua/ Golden |
17,640 |
352,800 |
17,900 |
358,000 |
326.28 |
99,809.05 |
399 |
122,054.1 |
| WEEK 3
21/07/17 |
Lagos,
Kano, Abuja Adamawa, kwara |
Refined
Dangote/Bua/ Golden |
17,580 |
351,600 |
17,800 |
356,000 |
329.59 |
100,788.62 |
394 |
120,485.2 |
| WEEK 4
28/07/17 |
Lagos,
Kano, Abuja Adamawa, kwara |
Refined
Dangote/Bua/ Golden |
17,560 |
351,000 |
17,820 |
356,400 |
328.71 |
100,470.21 |
389.80 |
119,142.4 |
| AVERAGE MONTH
TOTAL |
17,605 |
352,050 |
17,855 |
357,100 |
326.7 |
99,907.62 |
400.22 |
122,405.07 |
||
*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