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.

Follow and Subscribe Nyasa TV :

Sharing is caring!

0 0 vote
Article Rating
Follow us in Twitter
21 Comments
newest
oldest most voted
Inline Feedbacks
View all comments
fredrihno
fredrihno
6 years ago

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

ZIGWEPANO NDIZATOSE.
ZIGWEPANO NDIZATOSE.
6 years ago

ADEAD COUNTRY

Ndalephera ine
Ndalephera ine
6 years ago

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.

saxkson
saxkson
6 years ago

Ndizimene munkafuna kuvotera chipani chakuba musanalire mukhaula

chosatheka
chosatheka
6 years ago

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

Peter Mutharika
Peter Mutharika
6 years ago

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,… Read more »

MOSES NYONDO
6 years ago

kulira kuipo ndipo mkosayamba,so help us God.

C
C
6 years ago

Kuyipa kobera mavoti ndi {1} dziko….

nkhedu
6 years ago

ndiye mmene chithere chaka

mngoni
mngoni
6 years ago

koma tilimba?

shares
Read previous post:
The judiciary must be respected – Prof Danwood Chirwa

The judiciary does not deserve the ridicule that is being thrown at it. On the contrary, it needs to be...

Close