SUMMARY OF AVERAGE LOCAL & INTERNATIONAL RAW AND REFINED SUGAR PRICE: NOVEMBER, 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
03/11/17 |
Lagos,
Kano, Abuja, Adamawa, Kwara |
Refined
Dangote/Bua/ Golden |
16,120 |
322,400 |
16,360 |
327,200 |
319.35 |
97,689.2 |
381.30 |
111,639.7 |
| WEEK 2
10/11/17 |
Lagos,
Kano, Abuja Adamawa, Kwara |
Refined
Dangote/Bua/ Golden |
16,020 |
320,400 |
16,300 |
326,000 |
329.93 |
100,942.08 |
392.75 |
120,161.9 |
| WEEK 3
17/11/17 |
Lagos,
Kano, Abuja Adamawa, Kwara |
Refined
Dangote/Bua/ Golden |
16,070 |
321,400 |
16,350 |
327,200 |
337.9 |
103,380.5 |
396.00 |
121,156.2 |
| WEEK 4
24/11/17 |
Lagos,
Kano, Abuja Adamawa, Kwara |
Refined
Dangote/Bua/ Golden |
16,070 |
321,400 |
16,360 |
327,200 |
338.75 |
103,606.69 |
398.40 |
121,850.64 |
| AVERAGE MONTH
TOTAL |
16,070 |
321,400 |
16,342.5 |
326,900 |
331.48 |
101,404.61 |
392.11 |
118,702.11 |
||
*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