Rédaction Africa Links 24 with Malawi Voice
Published on 2024-03-08 16:03:45
The Ministry of Trade and Industry in Malawi has taken action against some sugar selling outlets in Lilongwe for overcharging customers for sugar. This decision was made after a joint inspection conducted by the Ministry and the Competition and Fair-Trading Commission (CFTC) due to reports of a general scarcity of sugar in the market.
Christina Zakeyo, the Secretary for Trade, confirmed this development through a press statement released on Friday. The shops that have been sealed include Romana Trading and Chou Chou shops in Area 2 (Bwalo Lanjovu) and Shalom Shop in Area 25 (Nsungwi). Additionally, Simama General Dealers in Area 25 (Nsungwi) have also been closed for hoarding sugar.
The Ministry has set recommended prices for sugar, with a 20kg bale priced at K37,500 and a retail price of K2,250 for a 1kg packet. However, despite these recommendations, it has been reported that most shops across the country are selling a 1kg packet for K3,700.
The actions taken by the Ministry aim to ensure that consumers are not exploited by unscrupulous traders who are taking advantage of the scarcity of sugar in the market. By sealing outlets that are overcharging or hoarding sugar, the Ministry is working to protect consumers and promote fair trading practices in the sugar industry.
It is important for the public to be aware of the recommended prices for sugar and to report any instances of overcharging or hoarding to the relevant authorities. By working together, consumers and regulatory bodies can ensure that fair trade practices are upheld and that consumers are not taken advantage of.
In conclusion, the Ministry of Trade and Industry’s actions to seal sugar selling outlets in Lilongwe for overcharging and hoarding sugar are commendable. These actions demonstrate the government’s commitment to protecting consumers and promoting fair trade practices in the sugar industry. It is essential for both consumers and businesses to adhere to the recommended prices for sugar in order to maintain a fair and transparent market for all stakeholders.
Read the original article on Malawi Voice
