SUMMARY OF AVERAGE LOCAL & INTERNATIONAL RAW AND REFINED SUGAR PRICE: MAY, 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
04/05/18 |
Lagos,
Kano, Abuja, Adamawa, kwara |
Refined
Dangote/Bua/ Golden |
14,960 |
299,200 |
15,300 |
306,000 |
266.02 |
81,322.31 |
320.30 |
97,915.71 |
|||
| WEEK 2
11/05/18 |
Lagos,
Kano, Abuja Adamawa, kwara |
Refined
Dangote/Bua/ Golden |
14,790 |
295,800 |
15,080 |
301,600 |
260.51 |
79,663.95 |
318.20 |
97,305.60 |
|||
| WEEK 3
18/05/18 |
Lagos,
Kano, Abuja Adamawa, kwara |
Refined
Dangote/Bua/ Golden |
14,850 |
297,000 |
15,026.60 |
300,532 |
268 |
81,967.80 |
328 |
100,318.80 |
|||
| WEEK 4
25/05/18 |
Lagos,
Kano, Abuja Adamawa, kwara |
Refined
Dangote/Bua/ Golden |
14,840 |
296,800 |
15,094 |
301,880 |
285.19 |
87,239.62 |
349.30 |
106,850.87 |
|||
| AVERAGE MONTH
TOTAL |
14,860 |
297,200 |
15,125.15 |
302,503 |
269.93 |
82,548.42 |
328.95 |
100,597.74 |
|||||
*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