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.
A sample of the grain from a farm in the municipality of Acatenango obtained the highest price in the online auction known as the Coffee Excellence Cup in Guatemala.
Angel-in-us Coffee and Maruyama Coffee Co. yesterday bought the two lots of high-quality Pacamara coffee produced in the municipality of Acatenango by the El Paraxaj estate. In the Excellence Cup online auction, the highest price was $58 per pound and the second highest was quoted at $53.41.
A sample of the grain from a farm in Jinotega obtained the highest price in the Coffee Cup of Excellence auction in Nicaragua.
Elnuevodiario.com.ni reports that "...This gourmet coffee is of the malacaturra variety and is being produced in the estate El Esfuerzo in Jinotega, owned by Ignacio Estrada Burgos.The same farm managed to place another lot of the same quality and category at a price of US $3,790 per hundredweight, a bid made from the wallet of Wataru for Shrub Coffee."
A new competition delimiting gourmet quality of coffee has been announced along with an online auction, replacing the Cup of Excellence competition, whose 2016 edition was suspended by El Salvador and Nicaragua.
The jury of the new competition called "The Finest Coffees in Nicaragua", organized by the Specialty Coffee Association of Nicaragua (ACEN), finished defining the event on January 23, and coffee samples from the Pacific and North of the country will be received on 26 and 27 February, while those from Nueva Segovia will be received on 18 and 19 March.
A gourmet coffee from a farm in the town of Dilpito and local contest winner received the highest price in the online international auction.
The 25 lots of coffee in the auction had an averaged selling price of $933 per cwt (hundredweight), the highest price recorded in the 11 editions of the event based in Nicaragua.
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