Friday, July 1, 2022
  • About Us
  • ImagiNATION
  • Rate Card
  • Contact Us
The Nation Online
Advertisement
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Columns
  • Sports
  • Chichewa
  • Enation
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Columns
  • Sports
  • Chichewa
  • Enation
No Result
View All Result
No Result
View All Result
Home Business Business News

Sugar situation to normalise

by Staff Writer
19/04/2012
in Business News
2 min read
0
Share on FacebookShare on TwitterShare on WhatsAppShare on LinkedinLinkedinShare via Email

Illovo Sugar (Malawi) Limited has assured the country of availability of sugar in the next one or two weeks following the commencement of production at the company’s two factories, Dwangwa in Nkhotakota and Nchalo in Chikhwawa.

 

South Africa based managing director of Illovo Group, Graham Clark, disclosed this after a meeting the company’s officials had with Malawi President Joyce Banda.

Sugar has for the past few weeks been scarce on the market—just as forex and fuel—resulting in people queuing for the commodity.

Some traders took advantage of the situation to hike sugar prices from K220 to K500.

After a closed meeting with the President, Clark said they wanted to update Malawi’s leader on the sugar production and availability in the country.

“We are pleased to have advised her Excellency that the two sugar factories in Malawi are in full production; pipelines are being supplied currently, and the message we gave is that the market and the people of Malawi should be assured there is plenty of sugar in the system,” he said.

Malawi’s Secretary of Trade and Industry, Newby Kumwembe, attributed the scarcity of the commodity to unprecedented demand that occurred towards the end of the last production season as the two factories closes during the rainy season.

“As we move towards the closure of the season next year, we have plans that we should not starve the market. We have learnt from this year’s occurrence that we need to have proper planning in terms of how sugar movement occurs in this country,” said Kumwembe.

Clark admitted that some traders exported the commodity to raise foreign currency which also contributed to the scarcity.

“We had a problem that occurred towards the end of last year. A lot of sugar left the country without anybody knowing; it left the country in order to raise foreign currency and as a result, there was an artificial shortage created in the market, but I think that is behind us now,” said the managing director.

He advised traders in the country not to profit from the situation.

Previous Post

DD Sunshine Senior sign American player

Next Post

Tony Rebel, Queen Ifrica name son Malawi

Related Posts

Business News

 UK dangles k26bn  UK dangles k26bn

July 1, 2022
Business News

MW2063 constant reviews to rectify challenges—NPC

July 1, 2022
Kapito: The additional measures
can add value
Business News

Malawi trapped in cost of living crisis

June 30, 2022
Next Post

Tony Rebel, Queen Ifrica name son Malawi

Opinions and Columns

Rise and Shine

Create your personal brand

June 30, 2022
Business Unpacked

We can do without some levies in fuel price

June 29, 2022
My Turn

US court threatens women’s rights

June 29, 2022
People’s Tribunal

Two years later and we are still singing same song

June 26, 2022

Malawi-Music.com Top10

Trending Stories

  • Sattar: I have nothing to hide

    Britain squeezes Zuneth Sattar

    0 shares
    Share 0 Tweet 0
  •  Malawi credit Status at risk

    0 shares
    Share 0 Tweet 0
  • Nam cheated on SA trip

    0 shares
    Share 0 Tweet 0
  • African Court orders govt to pay citizen K200m

    0 shares
    Share 0 Tweet 0
  • Ex-MPC boss sues for unfair dismissal

    0 shares
    Share 0 Tweet 0

  • Values
  • Our Philosophy
  • Editorial policy
  • Advertising Policy
  • Code of Conduct
  • Plagiarism disclaimer
  • Disclaimer
  • Privacy Policy
  • Terms of use

© 2022 Nation Publications Limited. All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Columns
  • Sports
  • Chichewa
  • Enation

© 2020 Nation Publications Limited. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.