SUMMARY OF AVERAGE LOCAL & INTERNATIONAL RAW AND REFINED SUGAR PRICE: AUGUST, 2017
| WEEK | SOURCE
(STATE) |
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 |
||||
| WEEK 1
04/08/17 |
Lagos,
Kano, Abuja, Adamawa, kwara |
Refined
Dangote/Bua/ Golden |
17,560 |
351,200 |
17,860 |
357,200 |
327.61 |
100,101.24 |
386.90 |
118,217.30 |
||
| WEEK 2
11/08/17 |
Lagos,
Kano, Abuja Adamawa, kwara |
Refined
Dangote/Bua/ Golden |
17,566 |
351,320 |
17,810 |
356,200 |
317.69 |
97,086.1 |
377.90 |
115,486.24 |
||
| WEEK 3
18/08/17 |
Lagos,
Kano, Abuja Adamawa, kwara |
Refined
Dangote/Bua/ Golden |
17,566 |
351,320 |
17,810 |
356,200 |
306.66 |
97,745.1 |
370.60 |
113,292.42 |
||
| WEEK 4
25/08/17 |
Lagos,
Kano, Abuja Adamawa, kwara |
Refined
Dangote/Bua/ Golden |
17,566 |
351,320 |
17,810 |
356,200 |
313.72 |
95,935.6 |
382.60 |
117,000 |
||
| AVERAGE MONTH
TOTAL |
17,564.5 |
351,290 |
17,822.5 |
356,450 |
316.42 |
97,717.01 |
379.5 |
116,000 |
||||
*NOTE: MT=Metric Tons (50kgx20), kg=kilogram, N=Nigerian currency naira, $=USD,
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
