SUMMARY OF AVERAGE LOCAL & INTERNATIONAL RAW AND REFINED SUGAR PRICE: OCTOBER, 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
06/10/17 |
Lagos,
Kano, Abuja, Adamawa, kwara |
Refined
Dangote/Bua/ Golden |
16,205 |
324,100 |
16,530 |
330,600 |
311.20 |
95,118.3 |
371.85 |
113,655.95 |
| WEEK 2
13/10/17 |
Lagos,
Kano, Abuja Adamawa, kwara |
Refined
Dangote/Bua/ Golden |
16,205 |
324,100 |
16,530 |
330,600 |
319.80 |
97,539 |
376.35 |
114,786.75 |
| WEEK 3
20/10/17 |
Lagos,
Kano, Abuja Adamawa, kwara |
Refined
Dangote/Bua/ Golden |
16,080 |
321,600 |
16,420 |
328,400 |
313.62 |
95,857.95 |
369.65 |
112,983.52 |
| WEEK 4
27/10/17 |
Lagos,
Kano, Abuja Adamawa, kwara |
Refined
Dangote/Bua/ Golden |
16,290 |
325,800 |
16,580 |
331,600 |
323.32 |
98,838.92 |
381.20 |
116,532.84 |
| AVERAGE
|
16,195 | 323,900 | 16,515 | 330,300 | 316.98 | 96,838.54 | 361.26 | 114,489.76 | ||
*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