SUMMARY OF AVERAGE LOCAL & INTERNATIONAL RAW AND REFINED SUGAR PRICE: SEPTEMBER, 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
01/09/17 |
Lagos,
Kano, Abuja, Adamawa, kwara |
Refined
Dangote/Bua/ Golden |
17,410 |
348,200 |
17,750 |
355,000 |
313.84 |
95,894 |
373.20 |
114,031.3 |
| WEEK 2
08/09/17 |
Lagos,
Kano, Abuja Adamawa, kwara |
Refined
Dangote/Bua/ Golden |
17,440 |
348,800 |
17,810 |
356,200 |
319.80 |
97,730.88 |
375.00 |
114,600 |
| WEEK 3
15/09/17 |
Lagos,
Kano, Abuja Adamawa, kwara |
Refined
Dangote/Bua/ Golden |
17,440 |
348,800 |
17,810 |
356,200 |
330.15 |
101,009.4 |
376.40 |
115,159.6 |
| WEEK 4
22/09/17 |
Lagos,
Kano, Abuja Adamawa, kwara |
Refined
Dangote/Bua/ Golden |
16,960 |
339,200 |
17,340 |
346,800 |
318.91 |
97,538.62 |
372.05 |
113,791.49 |
| WEEK 5
29/09/17 |
Lagos,
Kano, Abuja Adamawa, kwara |
Refined
Dangote/Bua/ Golden |
16,960 |
339,200 |
17,340 |
346,800 |
307.45 |
94,002.83 |
364.65 |
111,491.73 |
| AVERAGE MONTH
TOTAL |
17,242 |
344,840 |
17,610 |
352,200 |
318.03 |
97,235.15 |
372.26 |
113,814.82 |
||
*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