What is the price of molasses per kilogram/pound in Lebanon today?
The retail price range for Lebanon molasses is between US$ 15.22 and US$ 19.03 per kilogram or between US$ 6.90 and US$ 8.63 per pound(lb). Click here to see today's exact prices of molasses in Lebanon
The retail price range in Lebanese Pound for molasses is between LBP 230,618.18 and LBP 288,272.73 per kilogram or between LBP 104,588.74 and LBP 130,735.93 per pound(lb) in Beirut and Sidon.
Wholesale prices
In 2024, the approximate wholesale price range for Lebanon molasses is between US$ 10.65 and US$ 13.32 per kilogram or between US$ 4.83 and US$ 6.04 per pound(lb).
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Lebanon Molasses Export Prices - Historical, Trends and Prediction
The export price per kilogram of Molasses from Lebanon over the last five years has seen a steady decline. In 2017, the price was 0.12 US$ per kg, followed by 0.20 US$ per kg in 2018. In 2019, the price saw a significant increase to 2.89 US$ per kg, before rising further to 3.73 US$ per kg in 2020. The price then dropped to 2.79 US$ per kg in 2021. Based on this trend, it is likely that the export price per kilogram of Molasses from Lebanon will continue to decrease in the next two years, with an estimated price of 2.50 US$ per kg in 2023 and 2.20 US$ per kg in 2024.The exports of molasses from Lebanon are classified as:
- Cane molasses resulting from the extraction or refining of sugar (HS code 170310)
- Beet molasses resulting from the extraction or refining of sugar (HS code 170390)
Lebanon Molasses Import Prices - Historical, Trends and Prediction
The import price per kilogram of Molasses into Lebanon over the last five years has been relatively stable. In 2017, the price was 0.12 US$ per kg, followed by 0.20 US$ per kg in 2018. In 2019, the price saw a significant increase to 2.89 US$ per kg, and further increased to 3.73 US$ per kg in 2020. The price then decreased to 2.79 US$ per kg in 2021. Based on this trend, it is likely that the import price per kilogram of Molasses into Lebanon in 2023 will be around 2.50 US$ per kg, and in 2024 it will be around 2.80 US$ per kg.Export values for Lebanon molasses
The total values in export for molasses in Lebanon were US$ 661, US$ 459, US$ 83 and US$ 26 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Lebanon: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of molasses in other countries across Middle East: Bahrain molasses, Cyprus molasses, Iraq molasses, Israel molasses, Jordan molasses, Kuwait molasses, Lebanon molasses, Palestine molasses, Oman molasses & Qatar molasses.
Lebanon molasses - Production, Exports, Imports, Seasons and HS Codes
In 2019 Lebanon exported 9 tonnes of molasses. For 2019 alone, the demand for Lebanon molasses (processed category) has gone down, changing by -97.842 % compared to the year 2018. Between 2017 and 2019, molasses' exports decreased by -99.77 pc bringing Lebanon US$0.03m for the year 2019. Lebanon's molasses exports are classified as:
- Beet molasses resulting from the extraction or refining of sugar (HS code 170390)
- Cane molasses resulting from the extraction or refining of sugar (HS code 170310)
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Lebanon molasses export values
In 2019, Lebanon sold molasses with a value of 0.03m USD, a contraction of -63.86% from 2018's total molasses export of 0.083m USD. The yearly reduction in value of Lebanon molasses between 2017 to 2018 was -81.917 per cent.
The annual/yearly variation in the amount of Lebanon's molasses exports between 2017 and 2019 was -99.77 percent compared to a variation of -97.842% in the period between 2018 and 2019.
Export markets for Lebanon molasses ( in '000$ )
Lebanon's best performing destinations for molasses are United Arab Emirates (UAE), US, Saudi Arabia, Canada and Australia.
Lebanon brought in 1,431 tonnes of molasses in 2019.