20TH JANUARY, 2017

LOCAL AND INTERNATIONAL:  WEEKLY WHITE AND RAW SUGAR PRICE AS AT 20TH JANUARY, 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/ golden

 

19200

 

384000

 

19400

 

388000

       
Kano

 

 

Singa Refined

Dangote/ Bua/ golden

 

18900

 

378000

 

19500

 

390000

       
Lagos

 

 

Mile 12 Refined

Dangote/Bua/

Golden

 

18700

 

374000

 

19000

 

380000

       
Adamawa

 

Jimeta main market falluja Refined

Dangote/Bua/

Golden

 

19600

 

392000

 

19800

 

396000

       
Kwara Oja Tuntun market Refined

Dangote/Bua/

Golden

 

18600

 

372000

 

19000

 

380000

       
Average

 

     

19000

 

380000

 

19340

 

386800

 

462.39

 

141028.95

 

542.5

 

165462.5

*NOTE: MT=Metric Tons (50kgx20), kg=kilogram, N=Nigerian currency naira, $=USD, Currency conversion US$1=N305 (Nigeria Central Bank Rate) Weight conversion: 1000kg=1 Metric tonne, $/ton= c/lb x 22.04Country and State are NOT applicable to International raw and white sugar price Source: International Sugar Organization Market Report & Local Market Survey