Natural Geisha Breaks Best of Panama Auction Record at $803 Per Pound
This article is a summary of reporting by Daily Coffee News. Originally published February 11, 2019.
Lamastus Family Estates established a new auction benchmark at the 2018 Best of Panama green coffee auction when their natural-process Geisha sold for $803 per pound. Organized by the Specialty Coffee Association of Panama, the sale illustrated the surging global demand for top-tier Panamanian beans from buyers in Asia, Europe, Australia, and North America. The record demonstrated massive price growth in specialty markets compared to 2004 and 2005, when early Geisha lots first captured industry attention at roughly $20 to $50 per pound.
AI Summary
A natural-process Geisha from Boquete set an auction benchmark of $803 per pound at the 2018 Best of Panama event.
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