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.
The yellow-grain “Tatuai” brand was valued at $22.05 for every pound of export quality coffee.
The prices paid in the electronic auction of specialty coffee in Honduras did not reach the levels of previous year.
The specialty coffee auction netted $718.838, the highest of any of the nine countries where the Excellence Cup is held.
The 37 lot auction is scheduled for tomorrow, with 700 bags of 150 pounds being offered at an initial price of $2.50 per pound.
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