A recent coffee auction in Panama has made headlines by achieving the highest price ever for coffee. The Lamastus Family Estate sold a rare lot for an astonishing US$13,518 per kilogram. This auction, hosted by M-Cultivo, showcased the quality and value of specialty coffee, attracting bidders from around the world.
• The top lot was a three-kilogram Elida Geisha Honey Aguacatillo, grown in a national park.
• A total of 25 lots were sold, generating US$274,504 in total revenue.
• The average price per kilogram was US$401.91, with two lots exceeding US$1000.
• The Lamastus Family has been producing coffee since 1918, gaining a reputation for excellence.
This event highlights the growing appreciation for high-quality coffee and the potential for record-breaking sales in the specialty coffee market. It reflects a trend where consumers are willing to invest in unique coffee experiences, benefiting producers and the industry as a whole.
Enjoying the read? Subscribe for free to one of the fastest-growing newsletters and get weekly coffee news (TL;DR updates) delivered right to your inbox.