Liberia: Local Rice, Not Local Riot

The government of Liberia has increased the price of rice. Liberia continues to import at least two thirds of the locally consumed rice, meaning that rice price is influenced by the price of the imported rice. Most of the 5% broken rice in Liberia is imported from India, a country that exports at least 40% of the world’s 5% broken rice. Due to the imposition of a 24% increase in the export tariff on exported rice by the government of India, the price of exported rice was increased from USD550 a…