Elida Estate Gesha Earns $1,029 Per Pound in Record-Breaking Best of Panama Auction
This article is a summary of reporting by Daily Coffee News. Originally published March 16, 2020.
The 23rd Best of Panama specialty coffee auction established a record high in 2019 when a natural-process Geisha lot from Lamastus Family Estates' Elida Estate fetched $1,029 per pound. The record-setting coffee achieved a competition score of 95.25 points and was purchased by a buying consortium led by Japan's Saza Coffee alongside specialty roasters from the United States. In total, 49 lots generated nearly $560,000 for Panamanian farmers, averaging over $100 per pound. The milestone cemented Panama's reputation as the premier global origin for high-end Geisha production.
AI Summary
A natural-process Geisha from Elida Estate commanded $1,029 per pound at the 23rd Best of Panama auction.
More in Business
Euro exchange rate in Panama for Saturday, November 7, 2026
This report provides the current valuation and market fluctuations for the euro in Panama. It also examines the general trend of the European currency
ACP changes Panama Canal booking rules on 2 November
The Panama Canal Authority introduced updated booking procedures for Neopanamax transit slots starting November 2, 2026. These changes modify the allo
Panama Canal: The biggest megaproject in history
This feature examines the development and historical timeline of the Panama Canal as one of the most significant megaprojects ever undertaken. It also
Moody’s Local reports Panama has the lowest credit growth in Central America
According to a report from Moody’s Local, Panama currently records the slowest credit expansion among Central American banking systems. However, the c
First female administrator in the Panama Canal's history takes the helm
Naval engineer Ilya Espino de Marotta has assumed leadership of the Panama Canal, becoming the first woman to lead the interoceanic waterway's adminis
Panama canal daily transit could drop further to 27, administrator tells FT
The Panama Canal administration warned that daily ship transits could decrease to 27 vessels if water scarcity continues.