Brazil July coffee export at 1.5 mln bags, down 8% YoY.

Coffee exports by Brazil fell 8.1% on year in July to 1.51 mln bags (1 bag = 60 kg), the lowest since Jun 2006. The exports fell in July due to low stocks in the pipeline and the slow pace of harvesting. Coffee exports from Brazil are, however, expected to reach normal levels in the coming months.