In response to a sugar crisis caused by reduced production capacity due to climate change, the Republic of Malawi is planning to import sugar from Mozambique, Zimbabwe, South Africa, and Brazil. The government has issued 20 licenses to local companies to facilitate this. The shortage has led to price speculation and a significant increase in the cost of sugar. By liberalizing the market, the government aims to increase supply and reduce prices.
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The Republic of Malawi will start importing sugar produced in Mozambique, to respond to the crisis that has taken hold in the country. To this end, the Government issued 20 licenses to local companies, also providing for sugar to be imported from Zimbabwe, South Africa and Brazil. According to a publication by Rádio Moçambique, the liberalization of the sugar market in Malawi comes at a time when the two local production companies have reduced their capacity, in the face of some challenges posed by climate change. “The country has been experiencing a severe crisis of lack of sugar on the market since last January. The situation dictated the worsening and price speculation of the product, where a kilogram soared from the old 1700 kwachas (64 meticais) to 3000 kwachas (115 meticais)”, described the media outlet. Faced with this situation, the Malawian Minister of Industry and Commerce, Sosten Gwengwe, explained that the Executive was forced to liberalize the market, as a way of ...
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