Our Valued Sponsor
OpinionsConsumer ReviewsGuides and How TosCoffeeGeek ReviewsResourcesForums
coffeegeek resources
Press Releases
Panama’s Best Coffees Set New Records in Online Auction
Press release from SCAA, Date: May 31, 2006
Recent Press Releases

Bodum USA Recalls Coffee Presses Sold Exclusively at Starbucks Due to Laceration
Press Release, Bodum, Jan 28, 2014

Canadian Coffee Companies Committed to Rainforest Alliance Certification
Press Release, Rainforest Alliance, Oct 17, 2013

Coffee Fest Seattle 2013 Shows Tremendous Strength for U.S. Specialty Coffee Ind
Press Release, Coffee Fest, Oct 10, 2013

CoffeeTalk media annonces winner of Making A Difference
Press Release, Coffee Talk, Sep 18, 2013

SCAA Honors Project Focused on Ending Poverty and Hunger
Press Release, SCAA, Feb 16, 2013

See all press releases.

Submit your press release to our news editor. (submission of press release does not guarantee publication)

LONG BEACH, Calif. U.S.A. (May 31, 2006)--- Panama’s number one coffee, from Hacienda la Esmeralda, once again set an online coffee auction record when it sold for over $50 dollars a pound during an online auction on May 30th.  Hacienda la Esmeralda placed first in the “Best of Panama” cupping competition in April with a score of 94.6 out of 100.

The coffee was purchased by Small Axe Coffee Alliance, which consists of Sweet Maria's Coffee Inc, Stumptown Coffee Roasters, Intelligentsia Coffee Roasters, Groundwork Coffee Company and Norwegian coffee roaster, Kaffa.

Competition was active on many of the lots offered during internet auction, which lasted 10 hours as several bidders were after the small lot of five 60-kilo bags of Hacienda la Esmeralda, as well Bambito Estates and Carmen Estates, which placed second and third in the competition, respectively, and also received high prices. When the auction closed, Hacienda la Esmeralda had sold for a stunning price of $50.25 a pound. Commercial-grade coffee is currently trading in commodity markets for just over $1 a pound.  

Price Peterson of Hacienda la Esmeralda said, “It is events like this, and the great response of the buyers, that is like a cheering section for us farmers. It tells us that someone out there really appreciates the effort we put into preparing our coffee and, even if the commodity prices do not reflect it, someone up north cares. Everyone likes to feel that.”

The online auction was hosted by the Specialty Coffee Association of America (SCAA). Ted Lingle, SCAA’s executive director, said, “When you consider the average price paid for these 31 lots was $4.75, it is clear that Panama is producing high quality coffee and has captured the attention of roasters who are interested in only the best.”

In addition to Hacienda la Esmeralda, thirty additional lots totaling over 33,000 pounds of high scoring coffee from the “Best of Panama” were also sold in the online auction, fetching prices from $1.50 to $14.20 a pound. To view the results of the auction, visit: Click Here (auction.stoneworks.com)


To learn more about Hacienda la Esmeralda visit http://www.haciendaesmeralda.com

To learn more about the Best of Panama visit http://www.panamacoffee.org

To learn more about Sweet Maria’s Coffee Inc. visit http://www.sweetmarias.com

To learn more about Stumptown Coffee Roasters visit http://www.stumptowncoffee.com

To learn more about Intelligentsia Coffee Roasters visit http://www.intelligentsiacoffee.com

To learn more about Groundwork Coffee Company visit http://lacoffee.com

To learn more about Kaffa visit http://www.kaffa.no

To learn more about SCAA visit https://www.scaa.org
 
Contact:
Mike Ferguson, Chief of Staff
Specialty Coffee Association of America
330 Golden Shore #50
Long Beach , CA 90802
(562) 624-4100
www.scaa.org

Interactive
Search
Login Password
forgot pw | signup
quickNav
advertisement
sponsorad
Coffee Kids
Help folks who help folks in coffee producing nations.
coffeekids.org
sponsorad
Rocket R58 Double Boiler
Rocket Espresso R58 Double Boiler -  Everything you need for the perfect shot!
www.seattlecoffeegear.com
sponsorad
Cafe Solutions
Commercial sales and service, nationwide installation, equipment leasing options.
www.seattlecoffeegear.com
Home | Opinions | Consumer Reviews | Guides & How Tos | CoffeeGeek Reviews | Resources | Forums | Contact Us
CoffeeGeek.com, CoffeeGeek, and Coffee Geek, along with all associated content & images are copyright ©2000-2014 by Mark Prince, all rights reserved, unless otherwise indicated. Content, code, and images may not be reused without permission. Usage of this website signifies agreement with our Terms and Conditions. (0.116465091705)
Privacy Policy | Copyright Info | Terms and Conditions | CoffeeGeek Advertisers | RSS | Find us on Google+