Division of Price Analysis & Marketing

In 1973, decisions by Organization of Petroleum Exporting Countries (OPEC) affected the prices of basic commodities in highly import-dependent countries, Liberia’s 19th President, H. E. Dr. William Richard Tolbert, Jr. decided to introduce a law to protect the consumers from escalating prices.   The Government of Liberia introduced the “Price Control Legislation” with to limit the impact of high petroleum prices on households.  This legislation led to the establishment of the Division of Price Analysis and Marketing within the Bureau of Trade Services.

Hence, the Division of Price Analysis & Marketing is responsible to do the following:

 

  • Analyze commercial invoices of rice, cement, petroleum products, as well as any “sensitive” or “essential” commodities for inconsistency or gross under-declaration;
  • Provide technical recommendation and advice to the Assistant Minister for Commerce and Trade for the treatment of the four core essential commodities (rice, petroleum products, cement and flour and other commodities based on industrial support or consumer protection);
  • Provide weekly market reports of essential commodities (rice, petroleum products, cement and flour);
  • In consultation with LISGIS, prepare commodity profiles of essential commodities (rice, petroleum products, cement and flour);
  • Prepare stock report on the four core essential commodities (rice, petroleum products, cement and flour);
  • Conduct physical inventory of warehouses inspection, in close collaboration with the relevant divisions, such as Inspectorate, MSME, etc.;
  • Provide technical analysis and justification to the Assistant Minister for Commerce for any business wanting to import the four core essential commodities (rice, petroleum products, cement and flour) and other industrial products (nails, flour, zinc, etc.);
  • Coordinate and facilitate the weekly report on monetization projects (for eg., Japanese Food Aid, USAID Monetization Program, etc.);
  • Monitor the pricing of essential commodities;
  • Prepare Essential Commodities Indices;
  • Draft the monthly Commerce Today which gives snapshot of the bulk commodity. it also highlights the work of a small business enterprise.

J. Young Blim               
Director                    
Email: jblim@staff.moci.gov.lr  
Mobile Number: 0777033400