Sunday, November 27Malawi's top news source
Shadow

Shops Run Out Of Sugar

Share news to your friends

There is a shortage of sugar on the market and in shops where the commodity is available, traders have hiked prices.

A spot check in Lilongwe has indicated that major retail shops have run out of sugar.

In some shops where the commodity was found, the price has been hiked from K900 to K1300 per one kilogramme packet.

No Sugar in Zomba, consumers were captured by the local media scrambling for sugar in shops. A consumer said he has been buying a one kilogramme packet of Sugar at K2000.

Last week, Illovo Sugar Malawi said every time the country is in wet season, there are always problems of cane transportation from the fields to the factory due wet grounds.

The company further indicated that as a safety measure to avoid vehicles being stuck in the fields, cane haulage usually resumes expeditiously as soon as excess water has drained off and when it is safe for the haulage vehicles to access the fields.

However, the company claimed that this would not lead to sugar shortage as its factory continues to produce sugar from the sugarcane already available.

But following the shortage of sugar on the market, Illovo in a statement last night blamed consumers saying their panic buying has led to unavailability of the commodity.

“It is also unfortunate that some traders have taken advantage of the situation to raise prices,” the company said.

Illovo then stated that it is doing everything possible to ensure sugar availability returns to normal and the sugar producer has advised consumers against panic buying.

Malawi also faced a sugar crisis in 2012.

Related News
Felix Chitera Head of Alternate Channels

Felix is the Head of Channels at MyBucks since April, 2020. He is responsible for the digital channels and agency Read more

Chitera appointed Acting MD for FDH Bank

Chitera appointed Acting MD for FDH BankChitera appointed Acting MD for FDH BankAfrica-Press – Malawi. The Board of Directors of Read more

Katsonga Launch Pyxus Agriculture Limited Groundnut Processing Plant

Minister of Trade and Industry Mark Katsonga Phiri says the launch of the Pyxus Agriculture Limited Groundnut Processing Plant will Read more

Airtel sells its towers in Malawi for over K45 billion

Airtel Africa has sold its 723 towers in Malawi to Helios Towers, an independent telecommunications infrastructure company, for US$55 million Read more

AHL To Sell 30% Foreign Exchange To RBM

Reserve Bank of Malawi has ordered Auction Holdings Limited to begin a mandatory sale of 30 percent of it's foreign Read more

Airtel Malawi’s Telecommunications Tower Sold To London-based Helios Towers Plc

The sale of Airtel Malawi’s telecommunications tower to London-based Helios Towers plc will help Airtel to improve and strengthen its Read more

Banki Mkhonde women trained in business management

A Mchinji based organization, Girls Activist Youth Organization (GAYO) has trained village savings loan groups locally known as Banki Mkhonde Read more

Forex Shortage Hit Airline Business Operations

Malawi’s forex shortage is threatening operations in the airline business, creating uncertainty on the future of the industry, Business News Read more

Sugar Recommended Price Is k900- Illovo

Illovo managing director Lekani Katandula has warned traders in the country against overpricing sugar. Katandula has said that the recommended Read more

Fuel Hike To AAffect Tobacco Market

Local tobacco producers are expressing fear that this year’s tobacco market will be affected by the recent fuel price hike. Read more

Leave a Reply

Your email address will not be published. Required fields are marked *