6TH OCTOBER, 2017

LOCAL AND INTERNATIONAL:  WEEKLY WHITE AND RAW SUGAR PRICE AS AT 6TH OCTOBER, 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

 

16,500

 

330,000

 

16,600

 

332,000

Kano

 

 

Singa Refined

Dangote/ Bua/ Golden

 

16,275

 

325,500

 

16,650

 

333,000

Lagos

 

 

Mile 12 Refined

Dangote/Bua/

Golden

 

14,500

 

290,000

 

15,000

 

300,000

Adamawa

 

Jimeta main market Refined

Dangote/Bua/

Golden

 

17,750

 

355,000

 

17,800

 

356,000

Kwara Oja

Tuntun

Market

Refined

Dangote/Bua/

Golden

 

16,000

 

320,000

 

16,600

 

332,000

Average

 

     

16,205

 

324,100

 

16,530

 

330,600

 

311.20

 

95,118.3

 

371.85

 

113,655.95

 

*NOTE: MT=Metric Tons (50kgx20), kg=kilogram, N=Nigerian currency naira, $=USD, Currency conversion US$1= N305.65 (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