Image Credit: Asociación de Cafés Finos de Costa Rica

Costa Rican coffee made history by braking the record during the auction “Cup of Excellence 2018” (Taza de la Excelencia) in the category of fine coffee beans. The beans of Don Cayito estate closed the bid at $300.09 per pound.

“With a lot of 529.11 pounds of the Geisha variety, and a honey type processing, it broke the world record established in 2017 by Brazil at $130.20. A conventional coffee sells today in the international market (New York Stock Market) in close to $1.15 a pound; for this auction of specialty coffees the base price was of $5.5 a pound”, explains the Costa Rican Coffee Institute’s (Icafe) press release.

The total value of the lot was of $158,780.62.

Don Cayito, an estate property of the family of Luis Ricardo Calderon and located in Copey de Dota, managed to break the world record.

“This auction is evidence that the quality of Costa Rican coffee is perceived as excellent internationally, countries like Japan, Korea, Saudi Arabia, among others have valued the profile of our coffee beans. This eleventh edition had the participation of 36 lots from the same number of producers of the Central Valley, Occidental Valley and Los Santos.”

“For the National Coffee Sector, the Cup of Excellence is one of the most important events, since the selected lots have the opportunity to compete, receive high prices and penetrate new niche markets for specialty coffees where clients are willing to pay for the quality of Costa Rican coffee”, said Gustavo Gonzalez. Chief of Promotions and Communication of Icafe.

The second highest price paid was also for Don Cayito coffee, at $111.21 per pound, 529.11 pounds for a total value of $58,842.32.