Bridgestone Halts Liberia Rubber Purchases After Prices Raised
Firestone Liberia LLC has halted rubber purchases from farmers after the government raised the price paid to growers.
The Liberia National Rubber Pricing Committee set farmers' pay at $574.06 per ton of cup lumps or slabs on Tuesday, 15.3% higher than the rate Firestone currently pays. It was the committee's first decision since the government constituted it last month to review prices every four weeks.
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