Record Price Paid for Panamanian Coffee

A Taiwanese company has paid $803 for a pound of geisha coffee produced in the province of Chiriqui, surpassing the highest price of $601 paid for a grain of this type.

Monday, July 23, 2018

In the online auction 'The Best of Panama 2018', the Asian company Black Gold Coffee Co paid the highest amount per pound that has been registered for a coffee of the geisha variety, buying it from Elida Geisha Green Tip Natural which produces the grain in the District of Boquete.

The best-priced coffee in the 2018 edition of the contest was produced by the Lamastus family.

See also "Central America: Coffee price falls 31%"

Wilford Lamastus, president of the association and representative of the farms of the Lamastus family, told that " ... 'No one expected it in the global coffee industry. We at the Specialty Coffee Association of Panama (SCAP) are surprised and happy with these prices'.

See "Coffee export figures in 2017"

The article adds that " ... The Taiwanese Black Gold Coffee Co. paid $80,300 for 100 pounds of natural geisha coffee Elida Geisha Green Tip Natural. While the Japanese Saza Coffee also acquired a share of the coveted Istmeño geisha, paying $66,100 for 100 pounds of the Elida Geisha Green Tip washing process, in Alto Quiel, Boquete, Chiriqui province."

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Panama: $600 Per Pound Paid for Speciality Coffee

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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.

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