City's enterprises need loan support to buy farmers’ salt

The Ho Chi Minh City People’s Committee has been asked to provide state-owned enterprises with interest-free loans to buy the salt of farmers who have faced difficulties selling their crops as prices have dropped sharply.

The Ho Chi Minh City People’s Committee has been asked to provide state-owned enterprises with interest-free loans to buy the salt of farmers who have faced difficulties selling their crops as prices have dropped sharply.

Farmers harvest salt at a field in Ho Chi Minh City's Can Gio District
Farmers harvest salt at a field in Ho Chi Minh City's Can Gio District

The suggestion was made June 4 by the city’s Department of Agriculture and Rural Development Department, and Department Industry and Trade.
 
The departments said enterprises should be provided with funds to buy all the salt now, instructing them to wait until prices go up before selling.
 
The committee should order credit organizations and banks in the city to create favorable conditions for enterprises to access loans to buy salt and build storehouses, the departments said.
 
At present, farmers and cooperatives have total 68,300 tons of salt in stock.
 
According to the city Department of Agriculture and Rural Development , Can Gio District has harvested 97,600 tons of salt since early this year, a year-on-year increase of nearly 50 percent.
 
Yet, the department said salt prices have reduced drastically from VND1.2 million per ton down to VND600,000-700,000 and even VND400,000-500,000 in some areas.
 
South Salt Company and Tien Thanh Salt Cooperative have already bought approximately 30,000 tons of salt from farmers.

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