error in snmpd

Hi,
I am trying to run  the SNMP daemon service but it is not starting, when i
use following command

/usr/local/sbin/snmpd -c /usr/local/share/snmp/snmpd.conf -x localhost:161
-D -d -f

It is giiving following error.

9:callback:lock: unlocked (LIB,SESSION_INIT)
trace: init_master_agent(): snmp_agent.c, 1242:
snmp_agent: init_master_agent; "161" registered as an agent NSAP
trace: init_master_agent(): snmp_agent.c, 1218:
snmp_agent: installing master agent on port 161
trace: netsnmp_tdomain_transport_full(): snmp_transport.c, 332:
tdomain: tdomain_transport_full("snmp", "161", 1, "[NIL]", "[NIL]")
trace: netsnmp_lookup_default_domain(): snmp_service.c, 163:
defaults: netsnmp_lookup_default_domain("snmp") -> "udp"
trace: netsnmp_tdomain_transport_full(): snmp_transport.c, 385:
tdomain: Use application default domain "udp"
trace: netsnmp_tdomain_transport_full(): snmp_transport.c, 395:
tdomain: Found domain "udp" from specifier "udp"
trace: netsnmp_lookup_default_target(): snmp_service.c, 335:
defaults: netsnmp_lookup_default_target("snmp", "udp") -> ":161"
trace: netsnmp_tdomain_transport_full(): snmp_transport.c, 419:
tdomain: domain "udp" address "161" default address ":161"
trace: netsnmp_sockaddr_in2(): snmpUDPDomain.c, 776:
netsnmp_sockaddr_in: addr 0x7fffff84ee00, inpeername "161", default_target
":161"
trace: netsnmp_sockaddr_in2(): snmpUDPDomain.c, 776:
netsnmp_sockaddr_in: addr 0x7fffff84ee00, inpeername ":161", default_target
"[NIL]"
trace: netsnmp_sockaddr_in2(): snmpUDPDomain.c, 831:
netsnmp_sockaddr_in: check user service 161
trace: netsnmp_sockaddr_in2(): snmpUDPDomain.c, 934:
netsnmp_sockaddr_in: return { AF_INET, 0.0.0.0:161 }
trace: netsnmp_sockaddr_in2(): snmpUDPDomain.c, 831:
netsnmp_sockaddr_in: check user service 161
trace: netsnmp_sockaddr_in2(): snmpUDPDomain.c, 934:
netsnmp_sockaddr_in: return { AF_INET, 0.0.0.0:161 }
trace: netsnmp_udp_transport(): snmpUDPDomain.c, 604:
netsnmp_udp: open local UDP: [0.0.0.0]:161
trace: _sock_buffer_size_get(): snmpUDPDomain.c, 442:
socket:buffer: Requested server send buffer is 0
verbose:socket:buffer: Original server send buffer is 126976
verbose:socket:buffer: New server send buffer size is smaller than original!
socket:buffer: server send buffer not valid or not specified; using OS
default(126976)
trace: _sock_buffer_size_get(): snmpUDPDomain.c, 442:
socket:buffer: Requested server receive buffer is 0
verbose:socket:buffer: Original server receive buffer is 126976
verbose:socket:buffer: New server receive buffer size is smaller than
original!
socket:buffer: server receive buffer not valid or not specified; using OS
default(126976)
trace: netsnmp_udp_transport(): snmpUDPDomain.c, 645:
netsnmp_udp: set IP_PKTINFO
Error opening specified endpoint "161"
Server Exiting with code 1
[root@ggns1bfx02 ggne0147]#


Please note that the port 161 is not in use. I have also tried to run the
service on some different port (like 2020, 3333 etc) using root user also
but the same error come.
I will appreciate for your quick response.

Regards,
Awadhesh Kumar

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