{"id":52531,"date":"2024-02-19T13:32:30","date_gmt":"2024-02-19T13:32:30","guid":{"rendered":"https:\/\/www.africa-press.net\/liberia\/all-news\/government-finalizes-slight-reduction-in-rice-price"},"modified":"2024-02-19T14:37:14","modified_gmt":"2024-02-19T14:37:14","slug":"government-finalizes-slight-reduction-in-rice-price","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/liberia\/all-news\/government-finalizes-slight-reduction-in-rice-price","title":{"rendered":"Government Finalizes Slight Reduction in Rice Price"},"content":{"rendered":"

Africa-Press – Liberia. <\/strong><\/span>Modad emphasized that after a series of negotiations with the importers, they agreed to reduce the wholesale ceiling price of the 25kg bag of Indian parboiled rice<\/p>\n

Congo Town<\/b> \u2013 The government of Liberia, through the Ministry of Commerce, has swiftly intervened to slightly reduce the price of Liberia\u2019s staple food, rice, to $16.75 after the Association of Rice Importers communicated to the Weah-led government a potential increase from USD 17 to USD 20 last October.<\/p>\n

Rice is a staple food for Liberians, but its price remains unstable on the market. Currently, in some areas, a 25kg bag of rice is sold for LD $3,600, equivalent to USD $18.94, while in other areas, it is sold for between LD $3500 to 3,450, which translates to USD $18.42 to $18.15.<\/p>\n

The Minister of Commerce, Amin Modad, addressed a press conference, stating that the importers cited several genuine reasons for the proposed increase, including disruptions to shipping routes through the Suez Canal due to the Ukrainian and Russian crisis, conflicts in the Middle East, and specifically, a 20 percent increment in export tariffs imposed by the government of India.<\/p>\n

Modad emphasized that after a series of negotiations with the importers, they agreed to reduce the wholesale ceiling price of the 25kg bag of Indian parboiled rice.<\/p>\n

He mentioned that importers have decided to halt the increment but confirmed that there are 120,000 metric tons of 25kg bags of rice available from now until June.<\/p>\n

Modad stated, \u201cIn addition to reducing the price, we have agreed that they will also provide an alternative rice variety so that when there is an increase in rice prices globally, the Liberian people have more affordable options on the market.\u201d<\/p>\n

The Commerce Minister, further emphasizing that the price reduction will take effect on Monday, February 19, revealed that importers have also assured the government that they will invest in local production as an additional measure to ensure a constant supply of rice.<\/p>\n

He added, \u201cThe rice importers will collectively invest in local production to support local farmers through the \u2018Ministry Value Addition Program,\u2019 reduce dependence on imported rice, and boost the national rice reserve as a buffer against external shocks.\u201d<\/p>\n

For More News And Analysis About Liberia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Liberia. Modad emphasized that after a series of negotiations with the importers, they agreed to reduce the wholesale ceiling price of the 25kg bag of Indian parboiled rice Congo Town \u2013 The government of Liberia, through the Ministry of Commerce, has swiftly intervened to slightly reduce the price of Liberia\u2019s staple food, rice, […]<\/p>\n","protected":false},"author":84,"featured_media":52530,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,237,234],"class_list":["post-52531","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-liberia","tag-liberia"],"yoast_head":"\nGovernment Finalizes Slight Reduction in Rice Price - Liberia<\/title>\n<meta name=\"description\" content=\"Modad emphasized that after a series of negotiations with the importers, they agreed to reduce the wholesale ceiling pri ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/liberia\/all-news\/government-finalizes-slight-reduction-in-rice-price\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Government Finalizes Slight Reduction in Rice Price\" \/>\n<meta property=\"og:description\" content=\"Modad emphasized that after a series of negotiations with the importers, they agreed to reduce the wholesale ceiling pri ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/liberia\/all-news\/government-finalizes-slight-reduction-in-rice-price\" \/>\n<meta property=\"og:site_name\" content=\"Liberia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-19T13:32:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-19T14:37:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/liberia\/sites\/37\/2024\/02\/sm_1708340326.669178.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"555\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/government-finalizes-slight-reduction-in-rice-price#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/government-finalizes-slight-reduction-in-rice-price\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/liberia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Government Finalizes Slight Reduction in Rice Price\",\"datePublished\":\"2024-02-19T13:32:30+00:00\",\"dateModified\":\"2024-02-19T14:37:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/government-finalizes-slight-reduction-in-rice-price\"},\"wordCount\":370,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/government-finalizes-slight-reduction-in-rice-price#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/liberia\/sites\/37\/2024\/02\/sm_1708340326.669178.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Liberia\",\"Liberia\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/liberia\/all-news\/government-finalizes-slight-reduction-in-rice-price#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/government-finalizes-slight-reduction-in-rice-price\",\"url\":\"https:\/\/www.africa-press.net\/liberia\/all-news\/government-finalizes-slight-reduction-in-rice-price\",\"name\":\"Government Finalizes Slight Reduction in Rice Price - 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