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Liberia has given a leading foreign investment firm 72 hours to pay a $25,000 fine for hiking the price of chicken eggs.
According to Liberia’s Daily Observer newspaper, Fouani Brothers Corporation raised the prices of eggs from $35.89 per carton of 360 eggs to $70 per carton.
The BBC correspondent in Liberia says the fine, announced by Minister Wilson Tarpeh, has received a mixed reaction, with some people hailing it, while others call it too harsh and heavy.
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Our correspondent says the business entity in trouble is one of the unlucky ones, as arbitrary price increases of basic commodities is a common practice, as Liberia does not have a system to regulate the market.
BBC
