A washed Gesha-variety espresso from the Finca Sophia farm fetched $1,300.50 USD per pound on the Best of Panama inexperienced espresso public sale yesterday, shattering the earlier world document value for a espresso at public sale.
For a lot of espresso roasters and producers alike, the record-breaking price of $601 paid for a Gesha from Hacienda Le Esmeralda on the 2017 Better of Panama espresso public sale landed someplace between inconceivable and comical.
But that value has climbed in every subsequent yr — years during which the worldwide espresso sector has notably been coping with a commodities-market-driven price crisis — to $803 per pound for a espresso from the Lamastus Family Estates in 2018, to $1,029 for another Gesha from a Lamastus-owned property final yr.
This yr’s grand prize winner, Finca Sophia, is the farm co-owned owned by Willem Boot and Catherine Cadloni of Northern California’s Boot Coffee, together with Helen Russell and Brooke McDonald of the California roasting and retail firm Equator Coffees.
The successful bidder for the washed course of Gesha was a consortium of consumers from China.
Among the many fifty-one 100-pound heaps offered in the course of the…