According to the available data from the Reserve Bank of Malawi (RBM), sugar export earnings fell to US $ 8.7 million in the first quarter of 2022, from $18.2 million the previous quarter and $24.7 million during the same period in 2020.
Sugar exports is the third foreign exchange earner of Malawi. One of the reasons was that, for the past two years the Malawi’s top sugar manufacturers decided to hold back on sugar exports until it stabilises the stock position in the country. This led to a fall in earnings from sugar exports for Malawi.
According to the available data from the Reserve Bank of Malawi (RBM), sugar export earnings fell to US $ 8.7 million in the first quarter of 2022, from $18.2 million the previous quarter and $24.7 million during the same period in 2020. It is hoped that as the country is recovering from recent cyclones, the production will be recovered restoring sufficient surplus stocks for exports after catering to the domestic demand.
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