SUMMARY OF AVERAGE LOCAL & INTERNATIONAL RAW AND REFINED SUGAR PRICE: MAY, 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
05/05/17 |
Lagos,
Kano, Abuja, Adamawa, kwara |
Refined
Dangote/Bua/ Golden |
17,580 |
351,600 |
17,920 |
358,400 |
358.59 |
109,621 |
450.2 |
137,626.14 |
| WEEK 2
12/05/17 |
Lagos,
Kano, Abuja Adamawa, kwara |
Refined
Dangote/Bua/ Golden |
17,600 |
352,000 |
17,920 |
358,400 |
349.55 |
106,822.5 |
453.5 |
138,589.6 |
| WEEK 3
19/05/17 |
Lagos,
Kano, Abuja Adamawa, kwara |
Refined
Dangote/Bua/ Golden |
17,580 |
351,600 |
17,860 |
357,200 |
358.15 |
109,396.92 |
459.2 |
140,262.64 |
| WEEK 4
26/05/17 |
Lagos,
Kano, Abuja Adamawa, kwara |
Refined
Dangote/Bua/ Golden |
17,580 |
351,600 |
17,860 |
357,200 |
357.70 |
109,223.7 |
451.4 |
137,835 |
| AVERAGE MONTH
TOTAL |
17,585 |
351,700 |
17,890 |
357,800 |
356 |
108,766.03 |
453.6 |
138,578.34 |
||
*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