In the latest attempt by Africa's poorest countries to fight a food crisis sparked by a worldwide rise in prices, Liberia banned all food exports Monday, to prevent profiteers from taking advantage of its relatively cheap rice prices by selling the grain to neighboring countries with higher prices.
Rice is a staple food in many countries in West Africa, where the high cost has hit the poor people hard as they have to resort to importing. In Liberia, which is recovering from war, the price increase has put yet another obstacle in the way of economic recovery, as rice is already in short supply in Liberia.
The ban on export applies to commercial foodstuffs also, Commerce Minister Frances Johnson Morris said. Liberia also dropped all import duties on farming tools to promote production.
The government said it is launching a campaign to urge Liberians to eat alternative food products such as yams, cassava, and plantains to reduce consumption of rice.
Although Liberia heavily depends on imported rice, dealers from neighboring countries have been buying up sacks of rice on Liberia's market to resell in countries like Guinea, where it is more expensive.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.