Minister Tarpeh said Fouani Brothers unilaterally hiked the price of eggs from the stipulated price of US$35.89 per carton of 360 eggs to US$70, describing the action by the egg distributor as a flagrant violation of the Competition Law. Minister Tarpeh said the investigation is ongoing to identify the cause for the recent shortage of eggs and the increase in its price. Minister Tarpeh maintained that the days of indiscriminate price hiking, especially for essential commodities like eggs, gasoline and food items, in the commerce and trade of Liberia were over. The government will remain engaged with the business community for the wellbeing of its citizens,” Minister Tarpeh said. Commenting on the decrease in the price of rice, Minister Tarpeh said the CDC led-government discovered that rice importers were adding additional fees, which were unnecessary and needed to be removed.

Source: Daily Observer February 28, 2018 02:30 UTC