Ivory Coast, Mali Suspend Rice-Import Taxes to Keep Prices Low
Ivory Coast scrapped import tariffs on rice for three months, a measure that will cost the government 7 billion CFA francs ($13 million), spokesman Bruno Kone told reporters in Abidjan, the commercial capital, today.
The West African nation consumes 1.6 million metric tons a year, while it produces only 600,000 tons, he said.
Mali extended a subsidy on import taxes for the staple food by two weeks until Aug. 20, Commerce Minister Ahmadou Toure told state broadcaster Radio Mali today.
To contact the editor responsible for this story: Emily Bowers at email@example.com
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.