September 2018

	SUMMARY OF AVERAGE LOCAL & INTERNATIONAL RAW AND WHITE SUGAR PRICE: SEPTEMBER, 2018

WEEK	SOURCE	SUGAR	WHOLESALE	WHOLESALE	RETAIL	RETAIL	INTERNATIONAL		INTERNATIONAL
	(STATE)	(BRAND)	N/50KG	N/MT	N/50KG	N/MT	RAW SUGAR		WHITE SUGAR
							AVERAGE PRICE		AVERAGE PRICE

							$/MT	N/MT	$/MT	N/MT
WEEK 1	LAGOS	WHITE
09-07-18	KANO	DANGOTE/	14,673	293,468	14,893	297,868	255	78,081.00	330.85	101,306.27
	ABUJA	GOLDEN/
	ADAMAWA	BUA
	KWARA	WHITE
WEEK 2	LAGOS	DANGOTE/	14,647	292,936	14,893	297,868	259.85	79,579.06	334.3	68,949.37
14/09/2018	KANO	GOLDEN/
	ABUJA	BUA
	ADAMAWA	WHITE
	KWARA	DANGOTE/
WEEK 3	LAGOS	GOLDEN/	14,660	293,202	14,893	297,868	259.85	79,579.06	334.3	68,949.37
21/09/18	KANO	BUA
	ABUJA	WHITE
	ADAMAWA	DANGOTE/
	KWARA	GOLDEN/
WEEK 4	LAGOS	BUA	14,660	293,202	14,893	297,868	241.78	74,069.30	320.1	98,062.63
28/09/18	KANO	WHITE
	ABUJA	DANGOTE/
	ADAMAWA	GOLDEN/
	KWARA	BUA


AVERAGE
MONTH
TOTAL			14,660	293,202	14,893	297,868	254.12	77,827.11	329.8875	84,316.91

* NOTE: MT =METRIC TONS (50KGX 20), 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/Ib 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.