FOR IMMEDIATE RELEASE

THE RICE ADJUST APRIL 5, 2022
THE RICE ADJUST APRIL 5, 2022
Photo Credit: Public Affair MoCI

FOR IMMEDIATE RELEASE

 

Tuesday: April 5, 2022: It has been observed that RETAIL BUSINESSES are consistently increasing the retail price of a bag of rice on the market despite the fact that they are still purchasing at the wholesale price of USD $13.00.

The Ministry of Commerce and Industry wants to make it crystal clear that the approved Government of Liberia’s retail price for a bag of rice is USD$13.50 to not exceed USD $14.00.

Unfortunately, we are receiving reports that instead of the Government’s approved retail price of USD$13.50, some businesses are selling a bag of rice up to USD$22.00. This is illegal, totally unacceptable and MUST STOP NOW!

 

While in the midst of addressing concerns of global increases affecting the wholesale price of rice, the Ministry of Commerce and Industry continues to receive reports that rice importers are refusing to sell to retailers and the general public which is unacceptable and bears major consequences. THIS MUST STOP!

 

Again, the Ministry of Commerce and Industry discourages panic-buying, hoarding and selling above Government’s approved price. Those found engaging in such activities will be closed down immediately and penalties will be imposed!

 

The public is advised to call the Ministry’s Hotline numbers at 0776512224 or 0886552058 to report any violation.

 

Note that the Inspectorate Division of the Ministry of Commerce and Industry will be vigilant to compel full compliance to this regulation.

                                                                               

Jacob N.B. Parley

Communications Director

Contacts: 0777604576/0886560455

Email: jacobtheancestor@yahoo.com

 

WhatsApp: 0881336137