Panama Geisha coffee sets new world record at $1,300 a pound

The managers and teams of the Sophia and Guaramo farms watch the bidding in Chiriqui.

 
1,606Views 5Comments Posted 17/09/2020

While the world reels from the economic downturn caused by the COVID-19, pandemic Panama set a new price record for coffee with international buyers bidding $1,300  and 50 cents a pound for. Olympus washed Geisha from the Sophia farm in the Chiriqui highlands. on Wednesday, September 16.

Close behind in the high stakes bidding  $1000 and  50 cents a pound was the natural geisha Jaguar by Tessie and Rattibor Hartmann, a, from the Guarumo Coffee farm, located in Santa Clara de Renacimiento.

“This is is an incentive to continue producing the specialty coffee that puts Panama on the world map of the best coffees, "said Plinio Ruiz, president of the Association of Specialty Coffee Producers

The online auction began,  at 6 pm with  50 lots of coffee offered in the varieties: Natural Geisha, washed Geisha, pacamara, traditional washed and traditional natural, and continued until after 10.30.

The Olympus of Finca Sophia is a grain grown on a farm located in New Switzerland, in the  Highlands t of  Chiriqui  at an altitude of 2,100 meters above sea level. It is owned by  Hellen Russel, Brooke Mc Donnell, Willem Boot, and Catherine Cadloni, and managed by coffee expert Kelly Hartmann.

Harttmann said that that the achievement is a recognition for so much teamwork, from the one who cleans the plots, the one who collects the grain, the one who processes it, and for all those involved in the activity.

Last year, during the virtual auction, the highest price paid for Panama coffee was $1,229 per pound for the Lamastus family's Elida Geisha.



Comments 5

user
John

You negative fools, did your mom not teach you to shut up if you have nothing good to say, losers you surely are.

1 month ago
user
Federico bosco

I wonder what the people who harvest those precious coffee beans earn.

1 month ago
user
Oh ya

Well there you go with the Americano. Now i know where that saying started. Watered down crap. It would be nice to try this coffee but at 1300 a pound its out of my price range by a whole bunch. That Turkish coffee they sell here is about the best if you want a strong tasting coffee

1 month ago
user
OBSERVER

Oh Ya sounds as if he wouldn't know a good cup of coffee if he met one, During WW2, American soldiers in Italy, when confronted with a cup of real coffee asked for it to be watered down to taste like the stuff they normally consumed hence Coffee Americano. The coffees for this auction were selected by world experts and the buyers reap their rewards from real coffee lovers.

1 month ago
user
Oh ya

Just wish any of the coffee companies in panama sold a everyday coffee that was worth drinking. It all tastes like that Duran crapb. Now i see some of the growers putting their coffee in fancy looking bags, same crap different bag. You can not make a silk purse out of a sows ear

1 month ago
The comments are the responsibility of each author who freely expresses his opinion and not that of Newsroom Panama.
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