MONROVIA — The Ministry of Commerce and Industry has rejected accusations made against its minister, Amin Modad, by Freedom FM’s manager Sekou Sheriff. “There are other varieties of rice on the market, some sold lower than the $16.75,” the ministry added. In their communication to the previous administration and to Minister Modad, rice importers highlighted several factors for their request, primarily that a 20% export duty was imposed by India on this rice variety, significantly impacting the cost structure for importers. However, the ministry added, within four months, Minister Modad has granted 3 permits out of the 5 new applications, all of which are Liberian enterprises. “Minister Modad also negotiated with the importers to invest in the local production and supply of rice.

Source: Front Page Africa June 07, 2024 15:43 UTC