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.

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.