However, President George Manneh Weah has acknowledged the favorable response of rice importers to his request for reduction in the price of the nation’s staple food. The rice importers have reduced the price of a 25kg bag by two United States Dollars while the price of a 50kg bag is reduced by US$4. President Weah and officials of the rice Importers Association, for the second day running, met Friday, February 2, 2018, to continue negotiations on the reduction of the price of rice. At the end of the negotiations, officials of the Association of Liberian Rice Importers consented to effect a reduction of the price. The Association of Rice Importers headed by their Chairman, John Bestman, agreed to reduce the price of the 25Kg bag of rice by US $2.00 while the price of 50kg bag of rice will be reduced by US $4.00 with immediate effect.

Source: GNN Liberia February 03, 2018 21:30 UTC