Sugar prices raised

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As the economic crisis continues striking Malawi, Illovo Sugar (Malawi) Limited has been forced to hike its sugar prices by 10 percent in response to the depreciation of Malawi Kwacha.

sugar

Sugar prices up.

Confirming the development, Ireen Phalula, Illovo Sugar Limited public relations officer told the press that Malawi Kwacha has depreciated significantly since the last price adjustment last year hence the increment.

She explained that the weakness of the currency negatively impacts operations of the company since some of its production inputs are imported from abroad.

She also explained that a weak currency impacts key inputs and any imported expertise required to complement locals in maintaining the factories and overseeing agricultural operations.

With effect from Monday, 50 kilogrammes (Kg) of brown bulk per metric tone (MT) will be at K495, 900 ($886) and K28, 886.18 ($52) per bale while white bulk will be at K508, 300 ($908) per MT and K29, 608.48 ($53) per bale.

Consumers will pay K506, 500 ($904) per MT and K11, 801.45 per bale for 20 packets of brown pre-pack at 2 Kg and K504,100 for white pre-pack per MT and K11 745.53 per bale for the same.

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56 Comments

  1. its like stepping on an injured toe..Malawians are already injured economically and you are raising the price of sugar….What do you want Malawians to do know?yet you know that many people in the country live below the poverty line.Thats being selfish

    • thats selfish reasoning ..the fact that u can afford to buy it does not mean anyone can do so..If a packet of sugar is @ 700 something and many Malawians live below poverty line which is less than a dolla which is 520(not sure)how will they afford it???

  2. Zosa ndi chifukwa cha mec sanaganize kuti a malawi ndi anthu ovutika polengeza kuti dead people party (dpp) ndiyo yawina mulungu akuwona mnene .mtundu wa malawi ukuyenda mnyengo yowawa.

  3. Aaaaa tseee mukamakhara anthu olemeranu dont think that every one is rich as you are ok taganizira anthu akumuzi mwanvaaaaa DONT TAKE ADVANTAGE ON POOR PEOPLE remember moyu siwokharisa evryone wu die whether you like or not

  4. shugar kumalawi ndiotchipa patheba tikugula 1kg 18.50cent ndie muisukunule ndikwacha mupeza kuti itha kumapyola 700 ndie sidzachilendo ndi world wide ndie poti kumalawiko zimabwera mochedwa mkona tikuona ngati zachilendo

  5. illovo sugar company kkkkkkkkk basi zavuta siyani kupanga suga anthu adzidya mizimbe coz every day sugar wakwera eeeeeee anthu alibe ndalama komaso kukutetha tea sakoma wakwera muthawi yake ife tikudya mango

  6. Kenako tinva kti Fuel wakwera nawo ma land lord akweza nyumba zao.Tikuyenera kulimbika kupemphera kti mwina Mulungu atichitire chifundo.apo bii zovuta.

  7. Where is our country heading to ? school fees has gone up,Medical bills , Transport fares everything is up eish. No hope for DPP.

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