Malawi: Illovo, Govt At Loggerheads Over Sugar Prices allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.
Government has ordered Illovo Sugar Limited to reduce the price of sugar in the country within seven days.But Illovo says it is studying the ministry of Trade and Industry statement and will respond in due course.The government order was made Saturday 11 June 2023 when Finance minister Sosten Gwengwe and Trade minister Simplex Chithyola engaged Illovo board chairman Jimmy Lipunga and Managing Director Lekani Katandula.Government says in a press.
Battle lines have been drawn between Illovo Sugar (Malawi) plc and Ministry of Trade and Industry over pricing, with the producer refusing to commit to reduce the price within seven days. The local sugar manufacturer, which has a 95 percent market share, said issues of pricing are decided upon internal evaluation of various factors. The
The recent decline in maize prices and a drop in the cost of living have failed to translate into welfare gains for the people, Centre for Social Concern (CfSC) data shows. Published data from CfSC indicates that in contrast with an increased cost of living in April, the cost of living in May declined by
Committee engages Illovo on sugar prices | The Nation Online mwnation.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mwnation.com Daily Mail and Mail on Sunday newspapers.