FEBRUARY 2017

SUMMARY OF AVERAGE LOCAL & INTERNATIONAL RAW AND REFINED SUGAR PRICE:  FEBRUARY, 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

 

03/02/17

Lagos,

Kano,

Abuja,

Adamawa,

kwara

Refined  

19210

 

384200

 

19460

 

389200

 

459.31

 

139970.12

 

546.5

 

166540.41

WEEK 2

10/02/17

Lagos,

Kano,

Abuja

Adamawa,

kwara

Refined  

19110

 

382200

 

19380

 

387600

 

457.55

 

139323.97

 

544.4

 

165769.8

WEEK 3

17/02/17

Lagos,

Kano,

Abuja

Adamawa,

kwara

Refined  

19110

 

382200

 

19380

 

387600

 

451.37

 

137667.85

 

553.5

 

168817.5

WEEK 4

24/02/17

Lagos,

Kano,

Abuja

Adamawa,

kwara

Refined  

19020

 

380400

 

19280

 

385600

 

456.44

 

139214.2

 

560.5

 

170952.5

AVERAGE MONTH

TOTAL

     

19112.5

 

382250

 

19375

 

387500

 

456.16

 

139044.03

 

551.22

 

168020.05

 

*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