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Momodou
Denmark
11684 Posts |
 Posted - 10 Dec 2007 : 21:59:44
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Groundnut Price D7, 200 A Tonne
As Trade Season Kicks-Off Today
By Bubacarr K. Sowe
The Agribusiness Service and Producers’ Associations (ASPA), the inter-professional body managing the groundnut sub-sector, has announced the groundnut producer price of D7,200 dalasis per metric ton for the 2007/2008 marketing season.
According to a release from ASPA Monday, December 10, is the official commencement date for this year’s groundnut marketing season throughout The Gambia.
“This year’s price is an increase of D700 per metric ton over last year’s price and compares quite favourably with what obtains in the sub-region,” the release claims.
ASPA said this year’s producer price was arrived at using the officially recognised producer price determination mechanism, which according to them, “takes into account the World Market Price for Groundnut Products as well as parameters and ratios relevant to the domestic marketing system”.
The release adds that Cooperative Marketing Societies (CPMS), private traders and any agent wishing to participate in groundnut buying at primary (secco) level should prepare their equipment and clean their seccos accordingly. The release states: “ASPA wishes to remind all those wishing to participate in this year’s groundnut marketing season that they must register with ASPA, be issued with a registration certificate and be ready to comply with the Eligibility Criteria for Participation in the 2007/2008 groundnut marketing, which amongst other things requires prompt payment to the farmers for deliveries”.
Source: Foroyaa Newspaper Burning Issues
Issue No. 145/2007, 10 – 11 December 2007
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