Record Price of Coffee in Auction

The international auction Cup of Excellence 2009 in Honduras reached a record price of $18.75 per pound.

Wednesday, June 24, 2009

37 producers from Honduras participated in the auction which was organized by the Honduran Institute of Coffee (Ihcafe). At a record price of $18.75 per pound, the winner of the Cup of Excellence, Bertilio Reyes Portillo sold 3,750 pounds of coffee to the Japanese company Kyokuto Fadie Corporation.

Francisco Oseguera, coordinator of the Cup of Excellence, explained to Elheraldo.hn: “the event began at about seven o’clock in the morning and bidders from all over the world attended during the following four and a half hours.”

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