Monrovia – Representative Edward Karfia of Bong County has written the plenary of the House of Representatives, seeking their indulgence to amend the act of the Liberia Agriculture Commodity Regulatory Authority Act (LACRA) of 2016. In the past, LPMC had the power to market and export cocoa beans from Liberia thus generating millions of dollars. The Act if amended, no company in Liberia will have the power or right to export cocoa except LACRA. They will be empowered to purchase cocoa and coffee from cocoa and coffee buying companies. In May of 2019, the National Liberia Cocoa Exporters Association (NALICEA) expressed dismay over plans by the Liberia Agricultural Commodity Regulatory (LACRA) plans to monopolize the cocoa sector.

Source: Front Page Africa January 29, 2020 07:41 UTC