8TH SEPTEMBER, 2017

LOCAL AND INTERNATIONAL:  WEEKLY WHITE AND RAW SUGAR PRICE AS AT 8TH SEPTEMBER, 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

 

17,550

 

351,000

 

17,750

 

355,000

Kano

 

 

Singa Refined

Dangote/ Bua/ Golden

 

17,000

 

340,000

 

17,500

 

350,000

Lagos

 

 

Mile 12 Refined

Dangote/Bua/

Golden

 

17,300

 

346,000

 

17,500

 

350,000

Adamawa

 

Jimeta main market Refined

Dangote/Bua/

Golden

 

17,800

 

356,000

 

18,000

 

360,000

Kwara OjaTuntun Market Refined

Dangote/Bua/

Golden

 

17,550

 

351,000

 

18,300

 

366,000

Average

 

     

17,440

 

348,800

 

17,810

 

356,200

 

319.80

 

97,730.88

 

375.00

 

114,600

 

*NOTE: MT=Metric Tons (50kgx20), kg=kilogram, N=Nigerian currency naira, $=USD, Currency conversion US$1= N305.6 (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