May 4, 2011, 3:38 PM
The Agribusiness Services & 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 has announced a Groundnut Producer Price of D8, 000.00 (eight thousand Dalasis) per metric ton farm gate for the 2008/09 Groundnut Marketing Season.
According to a news release from ASPA,
Consequently, the release added, all Cooperative 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.
ASPA however assured groundnut producers that this year's producer price was arrived at using the officially recognized Producer Price Determination Mechanism, which takes into account the World Market Price for Groundnut Products as well as parameters and ratios relevant to the domestic marketing system.
"This year's price compares quite favorably with what pertains in the sub-region," the release added, while urging all farmers to sell their produce through the existing marketing outlets. However, it should be noted that last year's price was pegged at D7200.