Colombian Coffee: Is Colombian Geisha Expensive? Cup of Excellence Auction Prices Reach New High
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To this day, the COVID-19 pandemic has not yet subsided in Colombia. Demonstration activities continue within the country. The crowds participating in these demonstrations have not dissipated despite agreements reached between the Colombian president and the protesters' demands. The Colombian National Federation of Coffee Growers (FNC) has also stated that it will take 3 to 4 months to fully resume Colombia's coffee exports.
Despite these challenges, the Cup of Excellence green coffee auction in Colombia was still held.
At the Colombia Cup of Excellence green coffee auction on June 3, 2021, a total of 25 award-winning green coffees scoring above 87 points achieved an average auction price of $30.79 per pound, setting a new record for COE prices worldwide and breaking the 20-year ceiling of the COE program, far surpassing last year's Ethiopia COE auction price ($28.44 per pound).
The 25 green coffees participating in the 2021 Colombia Cup of Excellence auction had a total value exceeding $540,000. Among them, the green coffee that won first place in this Colombia Cup of Excellence was auctioned to a coffee machine supplier from Bangkok, Thailand, at an astonishing price of $135.1 per pound. This record is nearly double the previous COE auction record ($70).
This champion coffee, scoring 90.61 points, is a washed Geisha from the Obraje region in the Nariño department. The coffee grower mentioned that he paid special attention to both the harvesting process and fermentation of the coffee cherries for this particular green coffee, enabling it to meet his desired standards and thus achieve excellent results in the Cup of Excellence competition. At the same time, he politely expressed that he never imagined it would be auctioned at such a high price.
Coffee enthusiasts in China will also have the opportunity to taste the top three coffees from this Colombia Cup of Excellence. The second-place coffee, a washed Geisha from the "La Siria" farm in the Huila department, was divided into two batches for auction, with one batch acquired by two Chinese buyers.
The Alliance for Coffee Excellence (ACE) announced that the 2022 Colombia Cup of Excellence competition will be held later this year.
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