Panama: $600 Per Pound Paid for Speciality Coffee

In the international auction known as "The Best of Panama", a pound of Geisha coffee from the farm La Esmeralda Cañas Verdes reached the record price of $601.

Thursday, July 20, 2017

The winning bidder was the Korean company Kew Specialty Coffee Co, which offered the record price of $601 per pound of specialty coffee produced in the mountainous region of Boquete.

See also "Central America: Figures From Coffee Exports"

"... Panama had previously held the world record for the sale of fine coffee via online auctions by selling a pound of geisha at 350.25 in a 100-pound batch in 2013."

"... Other specialty coffees under offer at Tuesday's auction were the washed geisha from the farm Sophia Estate Panamá, which sold for $254.8 a pound; The natural geisha from the farm La Mula, which sold at 165 dollars a pound; and the natural geisha from Hacienda La Esmeralda (151 dollars a pound)."

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$275 Per Pound Paid for Panamanian Coffee

July 2016

In the online auction of speciality coffee known as 'The Best of Panama' international buyers paid the record price of $275 per pound for the geisha variety of the grain.

In the auction, organized by the Specialty Coffee Association of Panama (SCAP), a record average price of $60 per pound was reached.

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From April 29 to May 2 a competition will be held among producers of the geisha variety and on June 23 the auction "The Best of Panama" will take place.

"The Best of Panama" competition will evaluate two categories: variety and finish, in order to rule out the lots with less potential and highlight the salient ones, which will advance to the next round to be considered in the auction.

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The final price of the aromatic grain from the farm Hacienda La Esmeralda reached a record high during the online auction entitled "The Best of Panama 2013".

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Online Auction of Panamanian Specialty Coffee

May 2013

June 11 will see the international auction via the internet of specialty coffees from Panama, from the district of Boquete, in Chiriqui.

According to Plinio Ruiz, president of the Specialty Coffee Growers of Panama (SCAP by its initials in Spanish), there will be 25 lots of coffee in the auction which were the winning entries in the Best Of Panama contest recently held in Boquete.