Malawi sugar price up 8%: More woes for consumers

Not so sweet news for consumers  who will have to dig deeper into their pockets to buy sugar following an eight  percent price hike by Illovo Sugar (Malawi) Limited.

Sugar prices up by 8 percent

Sugar prices up by 8 percent

The sugar manufacturer’s public relations officer Ireen Phalula the sugar price adjustment is  in response to “fundamental economic conditions in the country”  affecting production such the continued rise in inflation, electricity price increases approximately 40 percent.

The Malawi Stock Exchange (MSE)-listed company has also said Kwacha currency has devalued against the US Dollar by 26 percent.

The commodity is currently unaffordable to many and the increase will make life even harder for Malawians.

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9 thoughts on “Malawi sugar price up 8%: More woes for consumers”

  1. Anjunga says:

    Zawadi be specific on serious issues like this enafe timakonda kumwa tea nde tikufuna tiziwe mtengowo kaa

  2. ZILIKO says:

    Yet we are proudly saying, as a country we are moving in the right direction… My FOOOT…… Soon we will be buying it at K1000.

  3. Boko says:

    Are these “economic fundametals and nflation” only affecting prices of goods and services, and not peoples’ salaries? How shall we buy? Where shall we get the money from? Why can’t we also have our salaries increased to account for the “economic fundamentals and inflation”? I’m really angry with this DPP govt. It’s not caring for the people at all.

  4. Mrs Banda says:

    So Nyasatimes reporter wants someone from A typical village to calculate how much the sugar is worth now?…. You would have sampled a price from lets say PTC and calculate and let readers know than what you have written here…. Kwa people who are not in Malawi how will they know how to calculate the adjustment if you didn’t provide how much it is worth now!!!

    1. Cheumali says:

      ma reporters a nyasatimes penapake samalemba zolongosoka.

    2. Sol Invictus says:

      Mrs Banda – you have hit the nail on the head!

    3. Kachamba says:

      I expected that too. How can they write something without detailed information

    4. Kanonono says:

      That is the best that an untrained scribe can do

    5. Nabetha says:

      Thanks Mrs Banda for taking note of that. I read this article twice thinking that I missed a line which has both previous and current prices but to my disappointment there is no mention of the old and the new prices. Please Zawadi don’t be lazy, after all it is not that difficult to get these prices.

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