MONROVIA – Minister of Commerce and Industry, Amin Modad, has acknowledged that the rice crisis in Liberia is complex but insists it can be addressed. Speaking on the second day of the Cabinet retreat, Minister Modad discussed the government’s comprehensive strategies to tackle the issue.
Minister Modad painted a bleak picture of the current rice situation, highlighting that six major importers are foreigners. He criticized the previous government, alleging that claims of their efforts to stabilize rice prices were false. According to him, although importers had requested to raise the price of rice to $20, the past government had only permitted an increase from $14 to $17 over six years.
As part of the current administration’s efforts, Modad revealed that Import Permit Declarations (IPDs) have been issued to three new importers, all of whom are Liberians. He emphasized that the rice market is now open to all, particularly Liberians who can meet the government’s requirements.
“There is no shortage of rice on the market,” Modad assured, “In fact, within the next two weeks, rice will arrive in the country, with another batch following in additional weeks, sufficient to serve the population for six months.”
The Commerce Minister highlighted the need for choices in the local market to cushion any potential price hikes. He stressed the importance of a critical and holistic review of the rice sector to develop long-term solutions. Modad called for a strategic plan focused on price stabilization and local production investment.
In addition, he proposed the creation of a buffer stock for rice and the establishment of a value alternative center to address ongoing issues. Importers have pledged $200,000 to support the establishment of this value center.
Minister Modad concluded his remarks by urging his colleagues to prioritize the rice issue, advocating for robust strategies to secure Liberia’s food stability.
