$1.545 per Quintal of Costa Rican Coffee

The Japanese business Tashiro Coffee paid $1.545 per quintal for coffee from the Bella Vista farm in the virtual auction that was conducted yesterday.

Friday, June 12, 2009

In the auction, which was carried out via Internet, there were 24 lots of fine Costa Rican coffee and the average price obtained was $718 per quintal.

Ismael Venegas writes for the Nación web portal: “...A Japanese business, which paid $1.545 per quintal (46 kilograms), paid 11 times more than New York’s market. Yesterday in this marketplace, a quintal of coffee for delivery in July was negotiated at $131.60."

More on this topic

More Downward Pressure on Price of Coffee

December 2012

Very good harvests in Vietnam and Brazil, and a drop in European demand are the factors affecting prices, which continue to decline.

Added to a persistent decline in the international prices, is the extensive affect on Central American harvests of the "Roya" blight, that is affecting an estimated 80% of plantations. The effects of the pest will be felt not only in the present harvest, but in the next.

Costa Rica: $2,000 per quintal in Coffee Auction

June 2011

The highest price achieved at auction was for the Coffee Finca La Estrella, from Santa Maria de Dota.

In the final stage of the Cup of Excellence competition, the electronic auction, the second best price for coffee went to the Don Leoncio farm, in Manuel Antonio Barranes, at $1,200 per quintal.

Costa Rica Coffee Auction Sells Quintal at $281

May 2010

At an online auction of Costa Rican specialty coffees, the highest price was achieved by a 19 sack lot from plantation “Las Palomas”.

The second best price went to “La Colina” plantation, at $265 per quintal, followed by “Las Pavas” with $259.

Called “Subasta Costa Rica”, this auction replaced the traditional Cup of Excellence contest, which could not be organized due to lack of funds, reported Nacion.com.

$25 drop in the price of coffee is temporary

October 2008

The price of coffee fell $25.45 in a month, but the Coffee Institute of Costa Rica (Icafe) insists that this is due to speculation and not due to actual increase in supply.

The price of the grain went from $135.15 per quintal on September 26, to $108.70 on Tuesday at the at the close of the New York Stock Market, which is the reference market that is most used.

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