Castel Malawi has raised the price of Premier Brandy from K10,000 to K12,000 per 750ML bottle.
The price increase is effective November 22, 2022.
This is the second time for the company to raise the price of the product following another price rise in August this year when Castel raised prices of its beers, spirits and alcomix.
The beverages company has not revealed reasons for the increase in price of the product.
However, the hike comes weeks after Castel, in October, suspended the production of Premier Brandy as well as Malawi Gin, and Malawi Vodka citing a shortage of forex in the country and high excise rates .
“The business is currently failing to bring in packaging materials to sustain the supply of these loved spirit brands,” a statement from Castel said.
