The Ministry of Commerce and Industry has announced that the Japanese Government has donated an additional consignment of 12,270 metric tons or 408,959 (30kg) bags of rice to the Liberian Government.
The rice is expected to arrive in the country today and will be sold for US$14. 50 per 30 kg bag on the local market.
According to the Commerce Ministry, the Government will focus the distribution of the rice into leeward Counties to stabilize the price.
The ministry further wishes to inform the general public that proceeds from the sale of the rice will be deposited into a special account at the Central Bank to support Liberia’s food Security program.
The Government of Liberia(GOL) according to a commerce ministry release expects to realize a little over US$4.4m from the sale of the rice consignment.
In order to ensure full compliance with the ceiling price as stipulated by the Ministry of Commerce, the inspectorate Division and the Bureau of Public Affairs have been instructed to conduct routine inspections to ensure that the rice is sold on the market as stipulated in the contract.
Meanwhile, the ministry is pleased, on behalf of President Ellen Johnson Sirleaf and the Government. of Liberia to register her profound gratitude to the Government and People of Japan for their enormous contributions to Liberia’s food security as well as other socio-economic development program.