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The Management of
the National Food Security, Processing and Management Corporation has
informed the press that 60 Cooperative Producers' Marketing Societies
have been pre-financed by the National Food Security, Processing and
Management Corporation and they are currently operating.
The management made
this disclosure during a press briefing at the Corporation's
headquarters in Saro, on Tuesday 12thDecember 2017.
A senior member of
the Management who briefed this reporter upon arrival, said they called
the press to inform them that the farm gate price for groundnuts for the
2017 / 2018 groundnut marketing season, has been pegged at a subsidized
price of D17,300 (seventeen thousand three hundred Dalasi) per ton (or
D17.30 per kg) and the depot price is set at D18, 800 (eighteen thousand
eight hundred Dalasi) per ton.
The senior
Management member indicated that in addition to the above, they have
also pre-financed 60 Cooperative Producers' Marketing Societies and the
ones that are not pre-finance, owe the Corporation; that this is why
they have not been pre-financed.
With regard to the
US$17.5 million provided by the Islamic development bank to finance the
marketing of groundnut and the purchasing of fertilizer, the Senior
Management member indicated that US$ 5 Million will be used to purchase
fertilizer and seeds but did not say whether the amount was a loan or
grant.
On the tonnage that
the National Food Security Processing and Marketing Corporation is
prepared to buy this year, the Senior Management Officer said they are
prepared to buy a minimum of 35,000 tons of groundnuts and a maximum of
anything above 35,000 tons.
On credit buying, he said that "any groundnut delivered at our Depots, will be paid for in cash".
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