THE AVERAGE PRICE IN THE INTERNATIONAL MARKET FOR GNUTS IS $1600 (D100,000) PER TONNE

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Foroyaa would advice the National Food Security Processing and Marketing Corporation (GGC) to adopt the practice of publishing the world market price and the national price per tonne during each farming season. It should explain the cost involved in buying and transporting groundnuts and try to justify the price it sets during each farming season.

Foroyaa’s investigation reveals that the average price for groundnuts January 2023 was D1600 per tonne, but the price is increasing. The figures did not indicate the types of nuts that are associated with the price. Prices vary from $1109 to $10,000 per tonne for October 2023. Foroyaa will therefore conduct an interview with the GGC to find out where it exports the crops it buys and how much is paid for such nuts.

Transparency and accountability is required in the crop marketing sector to motivate producers to maintain and sustain production. This is why farming cooperatives were established to enable farmers to negotiate for a fair price that will enable them to live well on farming.

Unlike the civil servants who earn their income on a monthly basis farmers who rely on rain fed agriculture earn their income on an annual basis. It is therefore significant for them to get what is reasonable and justifiable under the given context.