Sugar prices hiked in Malawi

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Illovo Sugar Malawi Limited has raised by 9% sugar prices, it has been confirmed.

This is due to national equalisations scheme, according to the company. This comes weeks after the commodity had became scarce on the market.

Malawi still facing sugar shortage

According to the company’s publicist Irene Phalula the new prices are in respect to the forces that regulate the price of the commodity in the country.

The hike now means that price for 50 kilograms of brown bulk will be at K37 221.75 per bale.

White sugar in bulk will be at K37 571.25 per bale.

Therefore a bale of ten packets will be at K15 263.60 weighing 2 kilograms each for both white and brown pre-pack, according to the statement.

The ministry of industry, trade and tourism had last week given a 7 day ultimatum to Illovo Sugar Limited to make sure that sugar is available on the market and at recommended prices.

Some traders had taken advantage of the situation by selling a 1kg packet of sugar at as high as K1200.

 

 

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3 Comments

  1. This is bad. How do you feel when you keep on raising the prices? Instead of reducing you increase, you can see how Malawi is and you ignorantly raises the price. If the better and huge companies like you in Malawi starts reducing the prices in comodities, the economy will be good and everyone can afford to buy something in the shop. Please don’t burn Malawi up try to cool the flames down. I am crying for Malawi it wasn’t like this!!!!
    Am so ashamed to put my country on a map

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