New Price record for coffee
On todays Best of Panama Auction there was yet another price record for the 1st place winning lot from Hacienda la Esmeralda at USD 170,20 per lb. of coffee (453 grams). This is the price of green coffee before it is packed and shipped to Norway.
I am glad we got our hands on some coffee from the same farm on their last weeks auction for “only” USD 26.50.
The normal market price for specialty coffee today is between USD 1,50 to 2,50 per lb.
Congratulations to the Petersons at Hacienda La Esmeralda once again for setting the record. They also had the previous record at a ground breaking USD 130 pr. lb.