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Government on high food prices

Published:Tuesday | January 8, 2008 | 3:09 PM

Government has subsidised five basic food items at a cost of about $300 million to cushion the effect of sharp price increases.

This is part of the government’s plan to spend $500 million to ease the burden of high prices on the poor.

The subsidy will take the form of the removal of import duties on the specific items.