Coffee: Record Price in Cup of Excellence

The lot that this year was best quoted in the international electronic auction reached $30 thousand per hundredweight, and the grain comes from the canton of Dota, Los Santos zone, Costa Rica.

Wednesday, July 11, 2018

The high quality coffee that received the best quote in the international electronic auction in the Cup of Excellence contest is from the Don Cayito farm, with a price of $30,009 per hundredweight. 

This price has not been reached before, since the closest price was registered in the contest of 2017, when a Brazilian coffee obtained a price of $13,020 per hundredweight.

See: "Coffee in 2017: $3 billion in Exports"

Regarding the buyers of the Costa Rican coffee that was priced highest in the 2018 contest, that explains " ... The joint buyers were the Japanese companies Maruyama Coffee, Sarutahiko Coffee and Yamada Coffee, which are recognized in the international coffee market and are characterized by high specialty grain." 

In relation to the conditions where the winning grain, which is of the Geisha variety, was harvested, the article adds that " ... The farm where the winning coffee was harvested is at 1,950 meters altitude, in a place called La Bandera, about four kilometers from Santa María de Dota. The area is characterized by the excellent conditions for producing coffee of very high quality."

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