LOCAL AND INTERNATIONAL: WEEKLY WHITE AND RAW SUGAR PRICE AS AT 5TH JANUARY, 2018
| 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 |
16,800 |
336,000 |
17,000 |
340,000 |
||||
| Kano
|
Singa | Refined
Dangote/ Bua/ Golden |
15,800 |
316,000 |
16,000 |
320,000 |
||||
| Lagos
|
Mile 12 | Refined
Dangote/Bua/ Golden |
15,500 |
310,000 |
16,000 |
320,000 |
||||
| Adamawa
|
Jimeta main market | Refined
Dangote/Bua/ Golden |
15,400 |
308,000 |
15,500 |
310,000 |
||||
| Kwara | Oja
Tuntun Market |
Refined
Dangote/Bua/ Golden |
15,433 |
308,660 |
16,533 |
330,660 |
||||
| Average
|
15,787 |
315,732 |
16,207 |
324,132 |
335.00 |
102,493.25 |
397.70 |
121,676.31 |
||
*NOTE: MT=Metric Tons (50kgx20), kg=kilogram, N=Nigerian currency naira, $=USD, Currency conversion US$1= N305.95 (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
