October 2018

	SUMMARY OF AVERAGE LOCAL & INTERNATIONAL RAW AND WHITE SUGAR PRICE: OCTOBER, 2018

WEEK	SOURCE	SUGAR	WHOLESALE	WHOLESALE	RETAIL	RETAIL	INTERNATIONAL		INTERNATIONAL
	(STATE)	(BRAND)	N/50KG	N/MT	N/50KG	N/MT	RAW SUGAR		WHITE SUGAR
							AVERAGE PRICE		AVERAGE PRICE

							$/MT	N/MT	$/MT	N/MT
WEEK 1	LAGOS	WHITE	14,490	289,800	14,743	294,868	280.78	86,030.99	347.65	106,519.96
10-05-18	KANO	DANGOTE/
	ABUJA	GOLDEN/
	ADAMAWA	BUA
	KWARA	WHITE
WEEK 2	LAGOS	DANGOTE/	14,490	289,800	14,743	294,868	290.48	89,017.59	363.25	111,317.96
10-12-18	KANO	GOLDEN/
	ABUJA	BUA
	ADAMAWA	WHITE
	KWARA	DANGOTE/
WEEK 3	LAGOS	GOLDEN/	14,477	289,532	14,710	294,200	308.33	94,503.14	379	116,163.50
19/10/18	KANO	BUA
	ABUJA	WHITE
	ADAMAWA	DANGOTE/
	KWARA	GOLDEN/
WEEK 4	LAGOS	BUA	14,200	284,000	14,700	294,000	290.7	89,114.08	370.9	113,699.39
26/10/18	KANO	WHITE
	ABUJA	DANGOTE/
	ADAMAWA	GOLDEN/
	KWARA	BUA
AVERAGE
MONTH
TOTAL			14,414	288,283	14,724	294,484	292.5725	89,666.45	365.2	111,925.20

* NOTE: MT =METRIC TONS (50KGX 20), KG = KILOGRAM, N =NIGERIAN CURRENCY NAIRA,
$= USD, CURRENCY CONVERSION US$1 = (NIGERIA CENTRAL BANK RATE)
WEIGHT CONVERSION: 1000KG = 1 METRIC TONNE, $/ TON = C/Ib 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.