Coffee Panorama in Panama

The fall in international prices has forced employers of specialty coffee to take steps to improve their competitiveness by resorting to full control of product traceability.

Thursday, March 17, 2016

The fall in international prices in the coffee market is the main mitigating factor with which the industry is doing battle in Panama and Central America in general in order to remain profitable. One way of surviving, from the point of view of César Arauz, producer and member of the Specialty Coffee Association of Panama is "... maintaining good traceability in order to convince buyers to purchase the product and pay for it what it is worth. "

Anpanama.com reports that "... the current market situation requires Panamanian producers to manage the agronomic part, processing, storage and quality control under the microenterprise scheme. We already know in advance that we have a speciality coffee, but it does not just come about by itself; but by having the right tools to be able to produce what many other farmers have achieved in Panama with this product. "

See also: "Colombian Coffee Production Up 16%"

One of the products positioned in markets such as Asia or Europe is the Geisha variety. However, producers have chosen to market it locally because of the same market situation. "... Another reason for the decline in production has to do with the smaller area of farmland, according to Roberto Brenes, a specialty coffee businessman. In areas where coffee is grown traditionally in Panama, the land is gaining in value for tourist use and construction of housing for retirees. Someone who can sell a property, rather than have it in production, is probably better off selling it and doing something else with that money than continuing to grow coffee. "

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Panama: $600 Per Pound Paid for Speciality Coffee

July 2017

In the international auction known as "The Best of Panama", a pound of Geisha coffee from the farm La Esmeralda Cañas Verdes reached the record price of $601.

The winning bidder was the Korean company Kew Specialty Coffee Co, which offered the record price of $601 per pound of specialty coffee produced in the mountainous region of Boquete.

Panamanian Geisha Coffee and its Competitors

January 2015

Panamanian producers of the geisha variety have stated that competition has increased since countries such as Costa Rica, Mexico and Colombia entered this market segment.

In the past eight years Panama come to be seen as the sole producer and exporter worldwide of the geisha variety, with exports reaching between 8000 and 10,000 hundredweight per year and with up to 1000 hundredweight selling locally at a good price.

Online Auction of Panamanian Specialty Coffee

May 2013

June 11 will see the international auction via the internet of specialty coffees from Panama, from the district of Boquete, in Chiriqui.

According to Plinio Ruiz, president of the Specialty Coffee Growers of Panama (SCAP by its initials in Spanish), there will be 25 lots of coffee in the auction which were the winning entries in the Best Of Panama contest recently held in Boquete.

Panamanian Specialty Coffee in the World Market

May 2013

Geisha, one of the finest varieties of coffee in Panama, has reached $374 a kilo, the highest price paid in the international market.

There are approximately 30 members of the Speciality Coffee Association of Panama (SCAP) who grow and export this product. "In high mountainous areas in the province of Chiriqui, located on the border with Costa Rica, some 400 miles west of Panama City, a nest of just over 40 farms grow, as well as Geisha, other varieties of fine Panamanian coffee such as Pacamara, Catuai, Caturra, Bourbon or Typica ", reported Prensa.com.

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