The Liberia Agriculture Commodity Regulatory Authority (LACRA) is set to introduce a policy to govern the oil palm sector of Liberia.

During the conclusion of a two-day workshop held in Monrovia over the weekend, stakeholders considered introducing policies to address the issues of quality control, licensing and fair pricing mechanisms.

The goal is to expand the oil palm market to improve producers' incomes, create more jobs and raise revenue for the country.

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The move by the stakeholders comes following President Joseph Nyumah Boakai's pronouncement during his 2026 annual address to the nation which he proposed to amend the function of LACRA.

Though there has been an effort over the years to transform the small-scale oil palm sector, the industry has lacked clear rules or regulations to contribute meaningfully to the economy.

In a release, LACRA acting director general Dan Saryee said the policy will help improve farmers' and value chain members' income and create more jobs in the sector.

Meanwhile, the Executive Director for the Oil Palm Farmers' Association Franklin Jackson called for LACRA to increase visibility, support and protect local farmers to benefit their farm produce.

Mr. Jackson like many others, underscored the need for rigorous traceability of farms across the country and the use of standard lab test on oil palm produce for quality production.

He then lauded the management of LACRA for stakeholder engagements aimed at boosting the palm oil sector of the country.

For her part, LACRA Board Chairperson, Madam Josephine Franscis, commended the participants and admonished Liberians to venture into the sector, underscoring and noting the essential health benefits of palm oil to human existence.

Madam Francis then, on behalf of the board of directors of LACRA, pledged full support to farmers in producing adequate oil for the country with value addition.