Source: diendandoanhnghiep.vn
Coffee is entering the harvest season, the demand for loans of businesses is increasing to serve production and business in the last months of the year. However, it is very difficult for businesses to access capital because the bank’s credit limit has expired.
Some large enterprises have a large amount of bank deposits that are ready to withdraw and buy. The rest of the units depend on the budget and bank loans.
Ia Cham Coffee One Member Company Limited is an example. In addition to paying the output according to the workers’ contract, the unit also buys for the surrounding farmers and the workers themselves.
Le Anh Tuan, Director of Ia Cham Coffee One Member Company Limited (Ia Grai district, Gia Lai province) shared that these past few days have been like sitting on a fire when customers constantly call to ask for payment. expenses in coffee trading. Explaining this, Mr. Tuan said that he did not have money to pay, on the other hand, he tried to turn the capital around. If every year, at the time of coffee harvest, banks are comfortable lending money to businesses to buy coffee for people to process for the domestic market as well as for export.
However, before this year’s coffee harvest, banks have tightened credit, making businesses unable to disburse capital as planned. This makes it difficult for most businesses to find a way out.
Mr. Tuan said that every year, the company still regularly deals with Agribank, branch of Ia Grai district. However, this year the company was informed by the bank that the loan used in coffee purchase is no longer available, while the company’s loan limit is nearly 10 billion dong.
According to Mr. Tuan, currently, it is very difficult to pay for households who receive contracts to grow coffee, and customers who trade coffee with the company are also having to pay their debts. If the bank does not disburse in the near future, the company has to suspend coffee trading and purchasing transactions.
“For more than 3 weeks now, the bank seems to have given up, now the company only knows how to take money from sales to manage. However, the sale is currently not collecting money because customers are also indebted, “said Mr. Tuan.
When the reporter worked with Ia Cham Coffee One Member Limited Liability Company, in 2022 the company expected to trade about 6,000 tons of fresh. The purchase price at that time was about 8,600 VND/kg. Thus, the company needs to have a budget of at least VND 20 billion to rotate capital for this year’s coffee harvest season.
“All year businesses and people only look forward to the coffee harvest at the end of the year. We hope that banks will consider and facilitate loan settlement to solve the problem of always transferring goods, otherwise businesses will freeze,” Mr. Tuan sighed.
Similarly, Mr. Nguyen Minh Duong – Director of Tay Nguyen Agricultural Products Export Co., Ltd. said that at this time every year the company buys at least 4,000-5,000 tons of coffee, about 20,000 tons of coffee for the whole year. However, at present, the company’s warehouses have only brought in about 2,000 tons, many warehouses are empty.
This year, the Company needs a bank loan to purchase and pay for coffee from 3,000 households and 11 coffee production enterprises located in Ia Grai district. Some commercial banks said that now, the room has run out and businesses have to wait until 2023 to get further loans.
This makes Mr. Nguyen Minh Duong – Director of Tay Nguyen Agricultural Products Export Co., Ltd. worried about signed contracts with partners “There is no capital to buy coffee for farmers, money for warehousing, coffee drying. Businesses will face difficulties, while commercial contracts for exporting coffee mainly through the European market have been signed. If the supply of goods is not enough or the supply is insufficient, the enterprise will be fined from 5-10% of the order value. More dangerous is losing credibility with foreign partners and in the following years it is difficult to re-sign contracts to supply coffee for them. Along with farmers, businesses also have to suffer damage due to tightening credit room.”
Many businesses in Kon Tum province are not better when purchasing capital depends on the Bank. Pham Thi Tuyet, Director of Nguyen Huy Hung Coffee Company Limited (Dak Ha district, Kon Tum province) said that at this time every year, the company purchases about 5,000 tons of green coffee to serve. domestic and export markets, so capital is very large. This year is different, the company buying coffee will have to be more moderate. At the same time, shorten the process of drying coffee to deliver to customers and earn cash flow for the company.
According to records from businesses from the beginning of October until now, businesses that want to borrow must register capital from loan packages, causing less or more difficulties in the field of purchasing agricultural products compared to previous years.
