Carlsberg Malawi will continue to adjust prices of its products as long as the kwacha remains unstable, the company’s chief executive officer Abel Chanje has said.
Chanje said this on Wednesday when United States Ambassador Jeanine Jackson toured Carlsberg Brewery.
Carlsberg Malawi recently adjusted prices for its products across all three operations, Southern Bottlers, Malawi Distilleries Limited and Carlsberg Malawi.
In November last year, the company made a 25 percent adjustment on non-alcoholic beverages and the trend is likely to continue if the local currency continues to float.
“As long as the kwacha continues floating, we will have to adjust our prices. We buy dollars with the kwacha and if we do not realise what we are paying for, then we are not in business,” he said.
The company’s corporate communications manager, Towela Pilling, said effective February 20 2013, a two-litre bottle of orange squash has be selling at K950 (about $2.43) up from K850 (about $2.17), which represents a 12 percent increase.
Carlsberg Special Brew and Stout have risen by about 22 percent from K230 ($0.58) to K270 (about $0.69) and Carlsberg Green is now selling at K250 (about $0.64) up from K220 (about $0.56) representing a 14 percent hike. But soft drinks are still at K100.