Illovo Sugar Malawi plc has denied reports that the price of sugar has risen to K 7000 per packet, describing the claims as false.
The company has confirmed that the official price of sugar is K4600 per packet.
According to a statement from the company, there is an adequate supply of sugar in the country, and there are no shortages at retail outlets.
Illovo Sugar Malawi plc has assured customers that it will resume production at the beginning of May, weather permitting.
The company has appealed to the public to ignore false reports and rumors about sugar prices.
This move aims to stabilize the market and prevent panic buying.
Illovo Sugar Malawi plc is the sole sugar producer in Malawi, with operations in Nchalo and Dwangwa.
The company supplies over 60% of its sugar to the domestic market and exports the rest to regional and international markets.
