SUMMARY OF AVERAGE LOCAL & INTERNATIONAL RAW AND REFINED SUGAR PRICE: MARCH, 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
03/03/17 |
Lagos,
Kano, Abuja, Adamawa, kwara |
Refined
Dangote/Bua/ Golden |
18,870 |
377,400 |
19,180 |
383,600 |
429.34 |
131,056 |
539.4 |
164,651 |
| WEEK 2
10/03/17 |
Lagos,
Kano, Abuja Adamawa, kwara |
Refined
Dangote/Bua/ Golden |
18,670 |
373,400 |
18,980 |
379,600 |
405.54 |
124,014 |
520.7 |
159,230 |
| WEEK 3
17/03/17 |
Lagos,
Kano, Abuja Adamawa, kwara |
Refined
Dangote/Bua/ Golden |
18,710 |
374,200 |
18,960 |
379,200 |
401.79 |
123,349 |
513.8 |
157,736 |
| WEEK 4
24/03/17 |
Lagos,
Kano, Abuja Adamawa, kwara |
Refined
Dangote/Bua/ Golden |
18,812 |
376,240 |
19,050 |
381,000 |
381.30 |
117,059.1 |
488.3 |
149,908.1 |
| WEEK 5 31/03/17 | Lagos,
Kano Abuja Adamawa Kwara |
Refined
Dangote/Bua/ Golden |
18,812 |
376,240 |
19,050 |
381,000 |
377.33 |
115,840.31 |
485.3 |
148,987.1 |
| AVERAGE MONTH
TOTAL |
18,774.8 |
375,496 |
19,044 |
380,880 |
399.06 |
122,263.68 |
509.5 |
156,102.44 |
||
*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