Panama’s Geisha coffee is still one of the most sought-after in the world. In the annual electronic auction Best of Panama (BOP) set a new record on August 7, 2024.
The Japanese company Saza Coffee paid US$4,541.83 for the pound (about $10,013 per kilogram) of the Elida Geisha Natural Torre lot of the Lamastus Family Estate.
This coffee of the Geisha variety in natural process grown over 1950 meters above sea level and fermented in a special sealed bag for two days, with a single process, dried in a darkroom with temperature and humidity controlled, provided an extraordinary quality in natural process, obtained 3,411 offers and was purchased at a total cost of US$200,260.00 dollars, said the Association of Special Coffees of Panama (SCAP), which organizes the BOP.
Panama surpasses its own record imposed in 2023, with $10,005 per kilogram of coffee of the Geisha variety, all this despite the great exchange difficulties of international currencies in Asian markets.
Panama leads in electronic auction of specialty coffee with historic prices. The auctioned lots obtained pre…
In its version of the year 2024 it offered a total of 36 batches of coffees of the geisha variety, 18 of them in the washing process and 18 in the natural process, along with 14 batches of varieties (coffees of non-geisha varieties).
The president of the SCAP, Hunter Tedman, commented that the electronic auction took place over 11 hours and 10 minutes, registering a total of 18,878 bids.
The second best price was US$10.002.00 per kilogram (US$4,536.84 per pound) for the Kaizen lot of the Finca Lorayne in Boquete and presented by Marcus Durán Rosas.
Another world record is set by the Black Moon Constellation – Black Moon Farm variety lot, of the Chiroso variety, with US$1,630.00 per kilogram (US$739.36 per pound), the first coffee of a non-Geisha variety that achieves the historic price the surprise of BOP 2024, which reached the historic score of 94.13 points in the recent International Cata last June, characterized by its fruity intensity but with floral notes different from those of geishas, very delicate and unique that along with a new process, accentuated its sweetness in the cup.
The region has an offer of more than 4,000 exportable products among which minerals such as gold and copper stand out…
“People appreciate the quality. Quality is what the world is looking for and with the level at which we are with the Geishas of Panama they indicate that they appreciate quality year after year,” said Wilford Lamastus, owner of the Elida Geisha Natural Torre de Lamastus Family Estate lot, at the closing of the electronic auction.
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