{"id":94874,"date":"2026-02-25T07:31:02","date_gmt":"2026-02-25T07:31:02","guid":{"rendered":"https:\/\/www.africa-press.net\/gambia\/uncategorized\/nfspmc-spends-record-d1-7-billion-to-buy-groundnuts"},"modified":"2026-02-25T08:16:41","modified_gmt":"2026-02-25T08:16:41","slug":"nfspmc-spends-record-d1-7-billion-to-buy-groundnuts","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/gambia\/all-news\/nfspmc-spends-record-d1-7-billion-to-buy-groundnuts","title":{"rendered":"NFSPMC Spends Record D1.7 Billion to Buy Groundnuts"},"content":{"rendered":"<p><span class=\"ap-article-header-tag\"> <strong>Africa-Press &#8211; Gambia. <\/strong> <\/span><b>The Government of the Gambia through the National Food Security Processing and Marketing Corporation (NFSPMC) has spent a colossal D1,766,160,285.14 to purchase the groundnuts of Gambian farmers in the last trade season.<\/b><\/p>\n<p>According to official disbursement and sector reports, the government paid over D1.5 billion to buying farmers\u2019 nuts at a farm\u2010gate price of D38,000 per tonne, a rate that has in recent seasons stood significantly above prevailing world market levels.<\/p>\n<p>In the on-going and recent seasons, this has translated into record outlays: more than D1.7 billion worth of nuts purchased from farmers nationwide and, in earlier cycles, purchases alone hitting the billion\u2010dalasi mark, separate from fertiliser and subsidy spending.<\/p>\n<p>Sector insiders say the D1.7 billion spent is \u201cunprecedented in the history of the groundnut trade,\u201d a statement backed by multiple seasons in which government and its marketing arm moved from the D500 million range to billion\u2010plus dalasi commitments as production and prices climbed.<\/p>\n<p>The NFSPMC latest report highlighted delivery progress, which explains the rationale for withholding additional float from seccos that have not yet reached the minimum delivery threshold of 95.6%.<\/p>\n<p>\u201cAs at 18th February, 2026, a total of D417,440,000 had been disbursed to contracted private traders for the purchase of 10,436 metric tonnes of clean (screened) farmers\u2019 stock, in addition to payments of D1,348,720,285.14 made to CPMS, bringing the total value of groundnut purchases to D1,766,160,285.14,\u201d the report outlined.<\/p>\n<p>The report also confirmed NFSPMC\u2019s continuous support for groundnut intake from seccos and its sustained commitment to maintaining efficient logistics operations across the value chain.<\/p>\n<p>Farmers from key groundnut belts across the country confirmed that payments, largely processed through seccos and supported by new digital systems, have been far timelier than in previous seasons.<\/p>\n<p class=\"ap-article-footer-note\">Find more news and analyses on <span class=\"ap-highlight-country\">Gambia<\/span> on the <span class=\"ap-highlight-brand\">Africa Press<\/span> website<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Gambia. The Government of the Gambia through the National Food Security Processing and Marketing Corporation (NFSPMC) has spent a colossal D1,766,160,285.14 to purchase the groundnuts of Gambian farmers in the last trade season. According to official disbursement and sector reports, the government paid over D1.5 billion to buying farmers\u2019 nuts at a farm\u2010gate [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":94873,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[260],"class_list":["post-94874","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-gambia"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>NFSPMC Spends Record D1.7 Billion to Buy Groundnuts - Gambia<\/title>\n<meta name=\"description\" content=\"-article-header-tag&quot;&gt; Africa-Press - Gambia. 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