SUMMARY OF AVERAGE LOCAL & INTERNATIONAL RAW AND REFINED SUGAR PRICE: JULY, 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
06/07/18 |
Lagos,
Kano, Abuja, Adamawa, kwara |
Refined
Dangote/Bua/ Golden |
14,566.6 |
291,332 |
14,813.33 |
296,266.68 |
269.54 |
80,784.28 |
336.75 |
102,944.47 |
| WEEK 2
13/07/18 |
Lagos,
Kano, Abuja Adamawa, kwara |
Refined
Dangote/Bua/ Golden |
14,566.6 |
291,332 |
14,813.33 |
296,266.68 |
253.01 |
80,810.70 |
336.75 |
102,978.15 |
| WEEK 3
20/07/18 |
Lagos,
Kano, Abuja Adamawa, kwara |
Refined
Dangote/Bua/ Golden |
14,660 |
293,200 |
14,940 |
298,800 |
256.54 |
78,462.75 |
321.70 |
98,391.94 |
| WEEK 4
27/07/18 |
Lagos,
Kano, Abuja Adamawa, kwara |
Refined
Dangote/Bua/ Golden |
14,660 |
293,200 |
14,920 |
298,400 |
254.78 |
77,937.20 |
323.35 |
98,912.76 |
| AVERAGE MONTH
TOTAL |
14,613.3
|
292,266 |
14,871.66 |
297,433.34 |
258.46 |
79,498.73 |
329.63 |
100,806.83 |
||
*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