Nicaragua: $24 per Pound for Specialty Coffee

In the international electronic auction by the union of fine coffees, Asian buyers paid $23.95 per pound for specialty coffee from the farm "Bella Aurora".

Friday, June 3, 2016

Elnuevodiario.com.ni reports that "...The second highest fine coffee price was obtained by the farm El Naranjo Dipilto, owned by Luis Emilio Valladares, with a price of $9.80 per pound; and third went to a grain from El Puma farm, owned by Alberto Javier Ramos Gutierrez with U $9.10. The lowest price in the list of 14 bidders stood at US $4.80 per pound".

Edwin Ruiz, executive director of the Specialty Coffee Association of Nicaragua (ACEN), "... said that this first event, now eminently Nicaraguan, exceeded initial expectations. For comparison, in 2015, the average price in the international auction was US $5.70, and it is now US $6.92. That translated into a rise of 17.6 percent. "

Event organizers said that this year there was a diversification of buyers, most of whom participated from Asia, particularly Japan, Taiwan and South Korea.

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