SUMMARY OF AVERAGE LOCAL & INTERNATIONAL RAW AND REFINED SUGAR PRICE: JUNE, 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
01/06/18 |
Lagos,
Kano, Abuja, Adamawa, kwara |
Refined
Dangote/Bua/ Golden |
14,740 |
294,800 |
15,000 |
300,000 |
285.85 |
87,470 |
350.75 |
107,329.50 |
|||
| WEEK 2
08/06/18 |
Lagos,
Kano, Abuja Adamawa, kwara |
Refined
Dangote/Bua/ Golden |
14,730 |
294,600 |
14,950 |
299,000 |
278.80 |
85,298.86 |
345.10 |
105,583.34 |
|||
| WEEK 3
15/06/18 |
Lagos,
Kano, Abuja Adamawa, kwara |
Refined
Dangote/Bua/ Golden |
14,810 |
296,200 |
15,050 |
301,000 |
275.05 |
84,124.04 |
341.60 |
104,478.36 |
|||
| WEEK 4
22/06/18 |
Lagos,
Kano, Abuja Adamawa, kwara |
Refined
Dangote/Bua/ Golden |
14,810 |
296,200 |
15,050 |
301,000 |
275.05 |
84,110.29 |
343.20 |
104,950.56 |
|||
| WEEK 5
29/06/18 |
Lagos,
Kano, Abuja Adamawa, kwara |
Refined
Dangote/Bua/ Golden |
14,800 |
14,800 |
15,042 |
300,840 |
272.19 |
83,194.87
|
346.70 |
105,968.85 |
|||
| AVERAGE MONTH
TOTAL |
14,778 |
295,560 |
15,018.40 |
300,368 |
277.38 |
84,839.61 |
345.47 |
105,661.12 |
|||||
*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