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The setting up of AGC was intended to promote economic cooperation and discuss common problems such as commodity pricing among
African producers, it also acts as a common marketing, research and publicity body for its members. Governments of producing countries at the turn of independence received a
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significant percentage of national income and foreign exchange receipts from groundnut. The AGC was initiated to help establish cooperative action to stabilise prices and advance producer interest in the international commodity markets.
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The council played a great role in setting up standards for groundnut quality and ensuring the export met with the expected requirements of international traders.This is very important for maintaining the competitiveness of
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The council (AGC) acted as a collective voice for
African groundnut manufacturers in international market and also in seeking global influence for trade policies and securing a favorable terms for export.
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The council helps to harmonize production strategies of members across the countries to prevent oversupply and stabilize prices of groundnut in the world market.
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Producers' Lagos Meeting. The Financial Times (London, England),Wednesday, June 29, 1966; pg. 2
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tax on groundnut to boost the export of cash crop in the country.
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