10TH NOVEMBER, 2017

LOCAL AND INTERNATIONAL:  WEEKLY WHITE AND RAW SUGAR PRICE AS AT 10TH NOVEMBER, 2017

 

 

STATE/ CITY SOURCE

(MARKET)

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

Abuja

 

 

Garki/ Wuse Refined

Dangote/Bua Golden

 

16,550

 

331,000

 

16,700

 

334,000

       
Kano

 

 

Singa Refined

Dangote/ Bua/ golden

 

15,650

 

313,000

 

15,700

 

314,000

       
Lagos

 

 

Mile 12 Refined

Dangote/Bua/

Golden

 

15,500

 

310,000

 

16,000

 

320,000

       
Adamawa

 

Jimeta main market Refined

Dangote/Bua/

Golden

 

16,400

 

328,000

 

16,500

 

330,000

       
Kwara Oja Tuntun Market Refined

Dangote/Bua/

Golden

 

16,000

 

320,000

 

16,600

 

332,000

       
Average

 

     

16,020

 

320,400

 

16,300

 

326,000

 

329.93

 

100,942.08

 

392.75

 

120,161.9

 

*NOTE: MT=Metric Tons (50kgx20), kg=kilogram, N=Nigerian currency naira, $=USD, Currency conversion US$1= N305.95 (Nigeria Central Bank Rate)

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