Vietnam Oct coffee exports down 47.4pc

HANOI: Coffee exports in October from Vietnam, the world's second-biggest producer after Brazil, slipped 47.4 percent from a year ago to an estimated 30,000 tonnes, or 500,000 60-kg bags, the government said on Tuesday.

The shipment estimate, mostly coming from stock of the 2010/2011 crop year that ended in September, was under traders' estimates of between 40,000 and 50,000 tonnes.

In the January-October period, coffee exports rose 5.1 percent to 1.03 million tonnes, or 17.11 million bags, the General Statistics Office said in a monthly report.