Up goes sugar prices as Malawi Kwacha dip

Malawi consumers will have to dig deeper into their pockets  again to buy sugar following an eight percent price hike by Illovo Sugar (Malawi) Limited. due to the weakening kwacha against major trading currencies.

Not so sweet news: Sugar prices have gone up in most of retail outlets

Not so sweet news: Sugar prices have gone up in most of retail outlets

The kwacha has lost over 25 percent of its value since early September this year, to trade at around K520.

Illovo Sugar Malawi, the country’s main sugar producer, said key drivers to price adjustments are normally currency movements, inflation, increase in cost of fuel and other major commodity input costs like electricity.

“The marked depreciation has a direct impact on the input costs of the company, which are largely foreign exchange-based since most of the non-cane raw materials that are used in the production of sugar are imported,” reads the statement in part from the sugar producer.

The losing value of the kwacha and the cost of borrowing, prices of commodities have already shot through the roof, making living extremely tough for ordinary Malawians.

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21 thoughts on “Up goes sugar prices as Malawi Kwacha dip”

  1. fredrihno says:

    Anyani inu mukulira chani mesa ndi mmene anazisiira mkulu wake inu mumati amayi anapanga zopanda ntchito???

  2. ZIGWEPANO NDIZATOSE. says:

    ADEAD COUNTRY

  3. Ndalephera ine says:

    Pitala, brlo la brown sugar mpaka K25,000? 50 kg? Zija umanamiza anthu lero ku lilongwe zija ndiza mkhutu, zopanda nzeru ndi pang’ono pomwe mtheradi.

  4. saxkson says:

    Ndizimene munkafuna kuvotera chipani chakuba musanalire mukhaula

  5. chosatheka says:

    DZIKOLI LINGOKHALA NGATI ENI AKE ANACHOKAPO!!!!!!!!!!!!!!!!

  6. Peter Mutharika says:

    Thats the DPP government we always know and will always remember. There are no news of hiking products and consumables but you will one day pay for all this mess. What happens to a prebian?
    1. He is always on the losing side, why?
    (i) When producers import raw materials at an extra cost (hiked), the cost goes directly to a consumer ( a commoner in town and villages) nothing do they lose.
    2. When government impose sanctions on taxes and other related issues to raise money for cashgate the producers will just smile as they themselves hike prices again, the same cost goes to a commoner. Why do producers smile?
    (ii) They hike prices of already stocked goods that they ordered some months or years ago at a very lower price then.

    I APM (Arthur Peter Mutharika of DPP) has seen this and only I want to enrich myself in the eyes of these foolish Malawians who voted for me though also I cheated them during elections.

    More money in my pocket – Amen

  7. MOSES NYONDO says:

    kulira kuipo ndipo mkosayamba,so help us God.

  8. C says:

    Kuyipa kobera mavoti ndi {1} dziko….

  9. nkhedu says:

    ndiye mmene chithere chaka

  10. mngoni says:

    koma tilimba?

  11. OH !!!!!!! GOD SAVE SOULS OF MALAWIANS :::::::::

    BUT SOME DO NOT EVEN WORRY ABOUT THIS AND NO EVEN ANY FEELING TO THEM. WHY??????????????? KUBA NDALAMA, NDI KUONONGA CHUMA.

  12. peter says:

    When the current President he was assuring the Malawians that his government will not make llife tough by not allowing the prce of comodies go up as it is happening now. watch out poor Malawians

  13. jekapa says:

    God have mercy on your children….. ma salary ochepa koma zinthu zungokwela, hmmmmmmmmm. AMATISAMALA NDI AMBUYE

  14. Martha says:

    Koma ziliko ku Malawi.kalikonse kakukwera.

  15. John says:

    Do you know that Illovo operates in a number of countries in Southern Africa. Nearly all those countries have a higher GDP than Malawi. Yet. Malawi contributes more than 40% of the Groups profit. Malawi is a cash cow for Illovo!!! Markets like South Africa, Zambia, Mozambique etc don’t contribute as much to Illovo’s bottom line. Food for thought?
    Why is that? Because Illovo is a monopoly and if they increase prices all we can do is complain.

  16. zebe says:

    what a piece of poor reporting here! The reporter should understand that not all readers of Nyasatimes are currently residing in Malawi. What was the price of sugar and waht will now be the new price of sugar? This report is incomplete. Tamachangamukani nthawi zina abale

  17. yuona says:

    Koma tili pamoto!

  18. Dick says:

    hehe koma a pulezident ali phee. akudya bwino siziwakhuza. what sort of a leader we have?

  19. tinkanena kuti DPP ndi mavuto, koma ena simunamvere! sizimenezi? Nonse munavotera DDP ndinu agalu, anyani, ndipo mbolo za amanu nonse! mwatisiya mmavuto a satana inu!

  20. Ma battery a mlakho says:

    And down goes my salary!

  21. MASITENI says:

    MAYO OOOO !! MAYO OOO !! WANTHU TIKULIRA MOKWEZA ZEDIII !!!

    AMBUYE TILANDITSENI MONGA MUNACHITA NDI WANA WANU KALERO !!

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