Ministry of Trade And Rice Importers Agrees on Price Reduction

The Ministry of Trade and Industry has brokered a crucial agreement with rice importers in a bid to address the escalating prices of rice.

According to a statement issued by the Ministry on Wednesday 27th March 2024, after extensive consultations, importers have agreed to offer a 50kg bag of parboiled rice at a wholesale rate of SLE 840.00 to the general public.

The ministry, in collaboration with rice importers, pledges to closely monitor global market fluctuations, freight expenses, local transportation charges, and other cost determinants contributing to the surge in rice prices.

Moreover, the Ministry of Trade and Industry emphasizes its commitment to enforcing price stability. Retailers are hereby cautioned against selling above the stipulated price of SLE 900.00 per 50kg bag of parboiled rice.

This development comes on the heels of a high-level meeting convened by the Parliamentary Oversight Committee on Trade and Industry, where rice importers voiced grievances over exorbitant taxes and demurrage fees incurred at the port.

Comment(s)

Disclaimer: Comments expressed here do not reflect the opinions of Sierraloaded or any employee thereof.

| 2024-04-02 21:50:20

We are living like magicians in this country. This is a total mockery to the people of this country
| 2024-04-01 11:46:06

Such a reduction is a great abuse to the Nation how can the government reduce only sixty Le (60) and they said they have done the best you need to go back to the drowning board and do more
| 2024-04-01 10:51:22

Please mr.prezo if not for your citizens but sake of God subsidies rice if not all food stuffs but rice,let rice be tàx free so that this can help to solve this high cost of rice
Victoria Kabba Kamara | 2024-04-01 07:01:31

Mr minister go back and engaged the importers and you as a government try to subsidies on essential commodities, not that Sierra leoneans hate the slpp but it's the way things are going along the way,no hard feeling but we just have to say the correct thing
| 2024-04-01 01:14:36

Total rubbish. What is the negotiation.
| 2024-04-01 00:27:04

And the minimum wage in the country is le 800. Form le 200 to 970. And we still having peoples that are still blaming APC. Dis gea for morner we oo
| 2024-04-01 00:19:33

Hmmmm
Paradise | 2024-04-01 00:18:14

Hmmm
| 2024-04-01 00:16:06

Minimum wage of the country is le 800 And half percentage of us that are even working.
| 2024-04-01 00:12:31

We have people that are still blaming APC for this mess! How the leaders to realize?
| 2024-03-31 22:09:21

Mr president please sorry for your people the price is too much
J A | 2024-03-31 20:48:10

Na dis na development?
| 2024-03-31 19:55:21

You are not doing things for us in the this nation
| 2024-03-31 16:44:08

This is total mockery to the state
Joseph Momoh | 2024-03-31 15:58:16

"Feed Salon" is now "Kill Salon" What a mess is this again???? Mr Minister!!, are you serious??? I don't know the difference between you and your boss.
| 2024-03-31 15:25:57

The living God that we are fasting for will punish Bio and his Ministers this world and here after for there bad Heart to wars this nation inshallah I rest my case here
| 2024-03-31 15:24:40

A tok en do government why you still they put we pay trouble, a saline all time na suffer
| 2024-03-31 15:16:39

this is a complete mess. there's no need of negotiation . show them the price you want them to be selling the rice. if they don't agree, you import the rice for your citizens what will you tell us about the chines rice donation. now a bag of rice is more than salary wages
| 2024-03-31 13:48:12

This government is really hypocrite to his citizens they increase taxes everyday remove subsides and come to public and give us fake negotiation that will not change anything you have dig out every platform just to extort money from your poor people Why God
| 2024-03-31 13:25:57

What is the basic salary of the common man in this country? If you as a minister of trade say, a single bag of rice is le840 for the whole sale, How much do you expect we the people to buy it from retailers,? Imagine the cost of transportation in this country now,,what is the difference between wholesale prices and retail prices
Alhassan Kabia | 2024-03-31 13:24:21

This government lack shameless and lacks integrity for themselves. A bag of rice from Le 200 in 2018 now le 900, what an irresponsible government is this. You have injected sadness into the minds of Sierra Leoneans but Allah who created you and I will hold you responsible for all the evil acts you are doing towards the citizens of this country.
| 2024-03-31 13:06:54

Honestly some news must not be aired Mrs reporter listen to yourself what's the current price now as compare to what is in your report?
Babkallay Timbo | 2024-03-31 13:00:22

Giving out the wholesale price is one step to the solution. My worry is can we have a retail price control? Traders are so wicked to increase prices. Please we need help.
| 2024-03-31 12:57:46

Thanks but try to reduce more price at list 600 SLE
| 2024-03-31 12:57:15

This implies that there's no reduction in the price rather, an endorsement of a possible increment to NLe 1000 and and above soonest. Image they are talking about wholesale price to stand at NLe 840, what would retail price be ? I pity those in the rural communities where they now sell rice at Le 7,000 per cup. It's unfortunate this direction is leading to obscure.
| 2024-03-31 12:54:30

There is high difference in price inflation from le170 for 50 kg big bag of rice to le 1,000,000 and they don't even want to know about we the poor (the masses)
| 2024-03-31 12:53:07

Shameless and useless government of all times. How can people buy a bag of rice @ le 1000 when d minimum wage is way below the price? Your government is promoting corruption to the highest level. You are nor capable of leading this nation, we are tired with all your deceitful lies and fake promises. Shameless idits
| 2024-03-31 12:43:50

Biko, we nor need dis type of update bcz e nor make no sense. Amus wona meet 1bag of rice? Why wona nor go forget but party business en help we country? Ar just don taya with Sierra Leone politicians dem. All watin wona care for na wona pocket
| 2024-03-31 12:34:12

Nonsense Government ever in the history of Sierra Leone. There is anything positive to write home about as far as this Maada Bio's Government is concerned
| 2024-03-31 12:29:12

Non
| 2024-03-31 12:26:35

Let's go for more consultative dialogue 840,is still not affordable for that lay citizens who is not a monthly worker I recommend for the price of 700 it's a little bit encouraging
| 2024-03-31 12:24:47

I have never seen a government full of stupid people like the current SLPP government. Since Maada Bio won election in 2018, things are never what the use to be. They're not still aware of the way they have deceived the nation. All the know is how to move people from one trouble to another. What's the difference between 840 and 900? Different meeting disapproving look by citizens. God will surely trouble you guys for moving the country from frying pot to fire. Big fools!!
| 2024-03-31 12:23:52

Salone man go lan
| 2024-03-31 09:53:43

People still day doubt this country
| 2024-03-31 07:02:14

Please mr.president and his ministers avoid all the other development for now sir, please concentrate on food this time around please member the poor people they can't afford 1000 for buy a single bag of rice (50kg) please sir, may God continue to bless you and your governance and sierra leone as a whole.
| 2024-03-31 06:28:24

Really?
Syl | 2024-03-31 04:20:27

This was what I was telling people about APC protest, protest. When a government is beeing disturb of it functionings for just a single minutes of the day, it will affect the country for months, I cannot talk about hours or a day. This is what we are now experiencing . The APC disturbance of SLPP Government will not only affect the SLPP but the entire people's livelihood. We should be expecting more escalating prices in food items and commodities.
| 2024-03-30 22:44:08

This government is not a responsible government, they can't feed their citizens,and they are not capable to run their daily activities to keep their people happy like any responsible government in Africa.what's the deference from 900 to 840 Leones ?? Shame on you guys shame!!!!!!!!!!!!!!
| 2024-03-30 22:40:45

WTF...Anyway I won't say anything let me keep my peace.
| 2024-03-30 22:37:22

Really Mr minister, go back to the drowning board and discuss on the price for the people of Sierra Leone please sir.
| 2024-03-30 22:35:45

Bio government is a real mess to this country .
| 2024-03-30 22:29:38

What a humiliation to we the poor people which we can not afford 900 Nle a month this Government is a shame to humanity
| 2024-03-30 22:26:08

Just leave us we must survive inshallah 🤲🤲🤲
Mohamed TS Koroma | 2024-03-30 21:40:41

The 50kg bag of rice have not yet getting to 900, where the reduction is ? Just leave the poor ( we) to survive.
| 2024-03-30 21:39:14

There is nothing good about the report but rather hypocrisy to the highest degree it will be good if politicians stop treating Sierra Leonean as dump site, how amuch is the salary of a worker per month now, we pray for change with the then government but it should have better we leave them there, cause our new change is like( we comot inside fry pan and jump na fire) so stop fooling us
| 2024-03-30 21:31:41

Very very shameful my groverment to sold rice at 840 whole sell
| 2024-03-30 21:25:22

Fuck up government
| 2024-03-30 21:15:53

This Government is the most useless Government ever in the history of Sierra Leone, what the President said in 2018 Presidential debate. People are buying a bag of Le 200,000, the people are suffering. How much for bag of rice today, le 900,000. You really disappoint people's hope. Who's Usman Jabbie the elder brother to Fatima Bio that should have state security calling them bull dogs and misbehaving in Government quarter. Fuck to this useless Government
| 2024-03-30 20:49:01

Any Government to stay long in governance most protect the need of the people, especially there daily basis like food,
| 2024-03-30 20:33:00

What a big shame for this government
| 2024-03-30 20:17:35

How much for 25kg?
| 2024-03-30 20:07:13

If someone buy rice at Le 840, wholesale price. What did u want him or her to sell it? They have to pay transport fare, store fee, pay workers. The ones that have to offload it from the vehicle have to be pay. Pls, Mr minister. Help us. The price is so high for the rice, it is our staple food and we can't sleep or live without it.
| 2024-03-30 19:51:47

It is really tough
| 2024-03-30 19:40:20

It's also too much 840 for the unemployed Sierra leonean