26 November 2012

Gambia: Groundnut Marketing Season Starts December 3 - Ton Price Pegged At D10,450

The Agribusiness Service and Producers' Association (ASPA), the inter-professional body vested with the management of the Gambia Groundnut sub-sector in consultation with the government of The Gambia has announced a farm-gate groundnut producer price of D10, 450 (ten thousand, four hundred and fifty dalasi) per ton for the 2012/13 groundnut marketing season, showing an increase of D1, 150 (one thousand, one hundred and fifty dalasi) per ton over last year's price.

According to a press release issued by ASPA, the 2012/13 groundnut marketing season in The Gambia will start on December 3rd and close on March 15th, 2013.

The release reads: The Agribusiness Service & Producers' Association (ASPA), which is the inter-professional body vested with the management of the Gambia groundnut sub-sector, in consultation with the government of The Gambia is pleased to announce a farm-gate groundnut producer price of D10, 450 (ten thousand, four hundred and fifty dalasi) per tonne for the 2012/13 groundnut marketing season. ASPA also wishes to declare Monday 3rd December 2012 as the official start for this year's groundnut marketing season in The Gambia. The season will close on 15th March 2013.

Consequently, all Cooperative Produce Marketing Societies (CPMS), private traders and any agent wishing to participate in groundnut buying at primary (Secco) level are hereby requested to prepare their equipment and clean their seccos accordingly.

Groundnut producers are hereby assured that this year's producer price was arrived at using the officially recognised producer Price Determination Mechanism, which takes into account the World Market prices for groundnut products as well as parameters and ratios relevant to the domestic marketing system. This year's price is D1, 150 (one thousand, one hundred and fifty dalasi) per ton above last year's price.

Farmers are therefore urged to sell their produce through the existing marketing outlets. Once again, ASPA solicits the cooperation of all and sundry to make the marketing season a success.

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