By Françios Kwatani

The Competition  and Fair Trading Commission (CFTC) has warned sugar suppliers to desist from excessive pricing of the product in the country saying it is against the law.

The remark follows the overpricing of sugar on the market by suppliers amidst fears of shortage of the commodity which has caused panic buying among consumers.

CFTC Acting Executive Director Apoche Itimu told Yoneco FM online that the commission will deploy its officers to assess the prices of sugar on the market.

“Not only assessing the prices but also the deployed officers will be making enquiries on some the factors that are contributing to the rise of the price of the commodity on the market,” Itimu said.

She further said, CFTC will penalize those selling sugar at an excessive price and not the recommended retail price issued by Illovo Sugar Malawi Plc.