26 November 2012

Gambia: ASPA a Announce 2012 Farm-Gate Price for Groundnut

The Gambia's Agribusiness Services & Producers' Association (ASPA), which is the Inter- professional body vested with the Management of the Gambia Groundnut Sub-sector, in the Gambia, has in a Press release, pegged the farm-gate Groundnut Producer Price of D1O,450 (ten thousand four hundred and fifty Dalasi)about(US$325) dollars per metric tonne for the 2012/13 Groundnut Marketing Season.

ASPA informs that in consultation with the Government of the Gambia, has also declared Monday 3rd December 2012 as the official start date for this year's groundnut-marketing season in the country. The season will close on 15th March 2013, the release said.

According to ASPA, 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, it affirmed is D1,150 (one thousand one hundred and fifty Dalasi) per metric tonne above last year's price", the release informs.

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