AYV News January 7, 2025
effective today, 7th January, 2025, the wholesale price for parboil rice in the country will be reduced to NLe840 per 50 kg bag.
A statehouse statement said the government represented by the Chief Minister, the Ministries of Finance, Agriculture and Food Security, Trade and Industry and the Majority Leader in Parliament today met with the major rice importers in Sierra Leone and reached the resolution.
The government said the pricing formula will be
updated and agreed on periodically with all major importers in the country and that the regular wholesale prices for rice will be consequently determined using this formula.
That the government will support rice importers through policies and incentives that will also be in line with the Feed Salone agenda.
In addition, effective February 14, 2025, the wholesale price of parboil rice will be further reduced to NLe799 per 50 kg bag.
This agreement was reached yesterday by the government and the major rice importers in the country as a means of softening the global economic challenges on all citizens.
The Ministry of Trade and Industry will work with all rice retailers to ensure that these prices are reflected on the unit cost of rice (per cup).
