Specialty Coffee Auction in Panama

Buyers from the United States, Europe and Asia bid at the auction for the 16 samples of specialty coffee that are participating.

Friday, May 29, 2009

The results of the auction were better than last year, as the minimum selling price and the average price of all participants were higher in this edition than in the previous one.

In 2008, the lowest price was $5.10 per pound, while it was $7.80 this year. The average price achieved in 2009 was $15 and it was $8.91 last year.

According to Prensa.com, Richard Koynerm, president of the Specialty Coffee Association of Panama, said: "There was a bit of fear in yesterday’s auction because the economic crisis has affected industrialized countries and this could have affected the purchase, but buyers made strong bids to acquire the product."

More on this topic

Coffee Auction Begins in Guatemala

July 2010

Wednesday sees the beginning of the eighth electronic auction organized by the Excellence Cup.

28 batches of coffee from various regions of Guatemala will be auctioned.
In the last event, the highest price was obtained by the El Injerto plantation ($22.04) and a total of 402 bags, each weighing 69 kg, were sold for $526,150.

Online Auction of Best Panamanian Coffee

May 2011

Lots of coffee from 30 plantations will compete in this year's auction entitled ‘The Best of Panama 2011’.

Buyers from U.S., Japan, Australia, Taiwan and Europe among others, will participate in the on-line auction on May 24, 2011, said Francisco Serracín, of the Specialty Coffee Association of Panama.

Guatemala: Cup of Excellence Auction

June 2009

On July 8, 23 lots of coffee will participate in the online auction. It is expected that the maximum price of $80.20 per pound achieved in the previous issue will be surpassed.

In the 2009 edition of the Cup of Excellence in Guatemala, El Injerto Farm obtained first place for the second consecutive year, achieving a score of 91.98.

Coffee Auction Ready to Start in Nicaragua

July 2009

The electronic auction is set to begin tomorrow for the 26 best lots of coffee at the Cup of Excellence 2009 event.

The vice-president of the Nicaraguan Association of Special Coffees (ACEN, acronym in Spanish), Julio Peralta, said that the base price for this year is $2.50 per pound, or $250 for 100 pounds.

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