Bloomberg News

Milk Price in Malawi Rises 35% Because of Tax, Nation Reports

October 20, 2011

Oct. 20 (Bloomberg) -- The price of milk in Malawi has increased by 35 percent to 230 Malawian kwacha ($1.38) from 170 kwacha the Nation newspaper reported, citing Malawi Milk Producers Association Programme Officer Herbert Chigona.

The increase follows the introduction of a 16.5 percent value added tax in the 2011-12 national budget, the Blantyre- based newspaper said.

To contact the reporter on this story: Frank Jomo in Blantyre at fjomo@bloomberg.net

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net

To contact the reporter on this story: Frank Jomo in Blantyre at fjomo@bloomberg.net

To contact the editor responsible for this story: Hilton Shone at hshone@bloomberg.net


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