Vietnam July coffee export to drop from June-traders

HANOI: Vietnam is expected to export between 45,000 tonnes and 70,000 tonnes, or 750,000 to 1.17 million bags, of coffee this month, down from an estimated loading of 80,000 tonnes in June, traders said on Tuesday.

"The (domestic) supply is drying up so buyers could switch to taking beans right from stocks in Europe," a trader at a foreign company based in Ho Chi Minh City said.

Vietnam, the world's second-largest coffee producer after Brazil, shipped 89,000 tonnes of the commodity in July 2010, also down from 94,900 tonnes in the previous month, government statistics show.

Copyright Reuters, 2011