The increment comes after the Weah administration spent US$15 million on rice subsidies in the previous two fiscal budget years in an effort to stabilize the price. “The government says we should sell rice for US$17.50 without considering transportation costs. “I want to sell rice for US$18.50. We want to sell rice for US$18.50.”The government action meanwhile has also affected the most basic retail unit of the commodity, which is the sale of rice by cup. When George Weah became President in 2018, he met with rice importers to dialogue on the price of the commodity.

Source: Daily Observer December 06, 2022 20:06 UTC