Livestock dealers raise concern over depreciation of dalasi as 2018 Tobaski ram sale begins

Tuesday, August 07, 2018

President of The Gambia Livestock Association Cooperative, Alhagie Kebba Jobe, has expressed concern over the depreciation of the dalasi to CFA particularly as this year’s Tobaski Ram sale begins.

Consequently, Mr. Jobe has said there are hopes that the price of ram will increase by the inflation of the Dalasi to CFA, saying most of the livestock dealers use CFA to buy rams around the sub-region which make life difficult with prices increases.

Speaking to this reporter at Abuko on Monday, Mr. Jobe also said there is no cause for fear regarding the availability of rams this year, saying already there are livestock dealers (agents) that travelled to the nearby countries in the sub-region to search for rams. “Therefore, expectations are high this year for adequate availability of rams at Abuko for the forthcoming Tobaski sales.

According to him, one of the challenges livestock dealers are facing is the depreciation of the Dalasi to CFA. He said there is hope that the prices of rams will increase due to the inflation and depreciation of the dalasi to CFA, saying that is because Gambian livestock cannot meet the demand of The Gambian people for rams during Tobaski. “We have to travel within the sub-region to search for more livestock using CFA instead of the Dalasi, which is expensive.”

He said maintaining low price will be very difficult due to the depreciation of the Dalasi but commended the government for creating conducive environment for businesses to operate in The Gambia.

He also seized the opportunity to advise livestock dealers to be honest and to sell their livestock at fair prices and to consider the average Gambian people. He said not everyone can afford high price for rams and there is need for the dealers to give reasonable prices for their animals.

He also called on the government especially The Gambia Police Force to help the livestock dealers to bring more animals into the country. He also urged foreigners to be law abiding and pay their dues.

Author: Abdoulie Nyockeh