SUMMARY OF AVERAGE LOCAL & INTERNATIONAL RAW AND REFINED SUGAR PRICE: JUNE, 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
02/06/17 |
Lagos,
Kano, Abuja, Adamawa, kwara |
Refined
Dangote/Bua/ Golden |
17,620 |
352,400 |
17,920 |
358,400 |
339.19 |
103,656.5 |
434.8 |
132,874.9 |
| WEEK 2
09/06/17 |
Lagos,
Kano, Abuja Adamawa, kwara |
Refined
Dangote/Bua/ Golden |
17,540 |
350,800 |
17,820 |
356,000 |
314.95 |
96,248.72 |
418.2 |
127,801.92 |
| WEEK 3
16/06/17 |
Lagos,
Kano, Abuja Adamawa, kwara |
Refined
Dangote/Bua/ Golden |
17,540 |
350,800 |
17,820 |
356,000 |
——- |
———– |
——- |
———— |
| WEEK 4
23/06/17 |
Lagos,
Kano, Abuja Adamawa, kwara |
Refined
Dangote/Bua/ Golden |
17,760 |
355,200 |
18,040 |
360,800 |
——– |
———– |
——– |
———– |
| WEEK 5
30/06/17 |
Lagos,
Kano, Abuja Adamawa, kwara |
Refined
Dangote/Bua/ Golden |
17,760 |
355,200 |
18,040 |
360,800 |
——– |
————- |
——– |
————- |
| AVERAGE MONTH
TOTAL |
17,644 |
352,880 |
17,928 |
358,400 |
327.07 |
99,952.61 |
426.5 |
130,338.41 |
||
*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