Markets
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 cof
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"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