25TH AUGUST, 2017

LOCAL AND INTERNATIONAL:  WEEKLY WHITE AND RAW SUGAR PRICE AS AT 25TH AUGUST, 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

/Bua

 

18,030

 

360,600

 

18,200

 

364,000

Kano

 

 

Singa Refined

Dangote/ Bua/ Golden

 

17,600

 

352,000

 

17,750

 

355,000

Lagos

 

 

Mile 12 Refined

Dangote/Bua/

Golden

 

17,300

 

346,000

 

17,500

 

350,000

Adamawa

 

Jimeta main market Refined

Dangote/Bua/

Golden

 

17,700

 

354,000

 

17,800

 

356,000

Kwara OjaTuntun Market Refined

Dangote/Bua/

Golden

 

17,200

 

344,000

 

17,800

 

356,000

Average

 

     

17,566

 

351,320

 

17.810

 

356,200

 

313.72

 

95,935.6

 

382.60

 

117,000

 

*NOTE: MT=Metric Tons (50kgx20), kg=kilogram, N=Nigerian currency naira, $=USD, Currency conversion US$1= N305.8 (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