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.
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 "Cup of Excellence" competition will be held from May 2, and the international auction of winning lots will take place on June 28 via the internet.
The event, which is being organized by Alliance for Coffee Excellence, begins on May 2, with the preliminary tasting of all samples that have been submitted to the Specialty Coffee Association of Costa Rica. This process will continue until May 6, and from that date 150 samples will go on to the next round, where an international jury will evaluated them between May 15 and 19.
The "Cup of Excellence" competition will be held between March 27 and May 11, and the international auction of winning lots will be held on June 22.
The event, organized by the Alliance for Coffee Excellence, begins on March 15 with the registration process and delivery of samples in the regional offices of the Honduran Coffee Institute.
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.
Panamaamerica.com.pa reports that "...The batch that earned the best price was Elida Geisha Green Tip Washed submitted by the Lamastus family, cultivated in the area of Alto Quiel, in the town of Boquete, about 1.800 meters above sea level, and was sold at 275.5 dollars a pound."
In an online auction a pound of coffee harvested in the farm Los Jutes achieved the highest price, with $59 paid by an international buyer.
The winning coffee in the online auction known as the Cup of Excellence is of the geisha variety and was cultivated in Acatenango, municipality of Chimaltenango.
In the electronic auction a pound of coffee harvested on the farm Monte Llano Bonito won first place and the amount of $ 59 paid by an international buyer.
On June 21, the Japanese importer Wataru acquired for the coffee roaster Takamura, the best coffee in Costa Rica grown and harvested on the farm SUMA VA in Lourdes Cirri in Naranjo, Valle Occidental, during the International Cup of Excellence Auction.The grainwas sold at $59 a pound or S5900 per hundredweight for a batch of 11 bags.
In the electronic auction a pound of coffee harvested in the El Puente estate in La Paz, took first place with 91.7 points and a record $120 was paid by an international buyer.
The participant in the auction known as the Cup of Excellence 2016 paid $120.5 per pound of coffee from the farm called El Puente Kasai Coffee, followed by Maruyama Coffee & Toa Coffee, who took second place with a price of $120.10 per pound from the farm El Puente.
Starting April 10th coffee farmers can register their products for the pre-selection stage of specialty coffee contest.
The Alliance for Coffee Excellence (ACE) and the National Coffee Association (Anacafe) are calling on coffee growers to take part in the Cup of Excellence 2016, the preselection for which starts on April 10, reported Dca. gob.gt.
A new competition delimiting gourmet quality of coffee has been announced along with an online auction, replacing the Cup of Excellence competition, whose 2016 edition was suspended by El Salvador and Nicaragua.
The jury of the new competition called "The Finest Coffees in Nicaragua", organized by the Specialty Coffee Association of Nicaragua (ACEN), finished defining the event on January 23, and coffee samples from the Pacific and North of the country will be received on 26 and 27 February, while those from Nueva Segovia will be received on 18 and 19 March.
In the Cup of Excellence auction the average price paid for the 24 lots of specialty coffee on offer was $9.17, while the maximum price was $25.80 per pound.
As in the 2014 auction, first place was obtained by the farm El Injerto, from the department of Huehuetenango. For the lot from this farm an international buyer paid $35.80 a pound.
Miguel Medina, president of the National Coffee Association (Anacafe) told Elperiodico.com.gt that "...
In the electronic Cup of Excellence auction 46 lots were sold, with maximum payments reaching $1,410 per hundredweight.
Without beating the prices paid at the auctions of specialty coffee in Costa Rica, Nicaragua and El Salvador, in Panama lot of Esmeralda Geisha Natural Jaramillo coffee, from the Peterson family, won first place in the auction, with a priced of $140 ,10 per pound.
The winner in the category Exotic Natural was the lot Geisha Natural Jaramillo submitted by Hacienda La Esmeralda, which along with the winners in the other categories, will be auctioned online on June 23.
Second place was awarded to a batch of Jose Gallardo Geisha, with a score of 93.1, which was also a winner in the washed exotic coffees category. On the other side, first place in the traditional washed category went to Kalithea Jesus Sierra, with a score of 88.39, and second place went to a batch of Elida Lamastus Family Washed with 87.37 points.
On June 17, an electronic auction will he held of the winning lots in the Cup of Excellence, which will include the participation of 78 lots which obtained a score of above 85%.
The aspects to be taken into consideration when awarding ratings are fragrance, aroma and aftertaste. It is hoped that they results of the competition will be known by 8 May at the latest.
Forty-nine samples qualified for the national competition, which will be used to select entrants in the international auction, the Cup of Excellence, to be held from 4 to 8 May.
Of the 117 samples that were received in the preselection stage, 49 were classified with a minimum score of 85 points. It is expected that the international auction of the winning samples will be carried out on July 1 over the Internet from Anacafé's facilities.
European and American companies who buy specialty coffee in electronic auctions are losing ground to Asian buyers, who in auctions for top grains from markets such as Costa Rica and Guatemala, are pushing up prices to record levels.
Strong growth in coffee consumption in countries such as South Korea and Japan, coupled with the large purchasing power of its inhabitants has boosted demand for gourmet coffee and other special varieties.