{"id":216290,"date":"2019-07-19T18:38:00","date_gmt":"2019-07-19T22:38:00","guid":{"rendered":"https:\/\/agronosotros.com\/?p=216290"},"modified":"2021-11-12T09:56:19","modified_gmt":"2021-11-12T14:56:19","slug":"elida-estate-gesha-earns-1029-per-pound-in-record-breaking-best-of-panama-auction","status":"publish","type":"post","link":"https:\/\/agronosotros.com\/es\/elida-estate-gesha-earns-1029-per-pound-in-record-breaking-best-of-panama-auction\/","title":{"rendered":"Elida Estate Gesha gana $1,029 por libra en una subasta r\u00e9cord de lo mejor de Panam\u00e1"},"content":{"rendered":"\n<figure class=\"wp-block-gallery alignwide columns-1 is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\"><ul class=\"blocks-gallery-grid\"><li class=\"blocks-gallery-item\"><figure><img decoding=\"async\" src=\"https:\/\/agronosotros.com\/wp-content\/uploads\/2019\/07\/Elida_Estate_Coffee.jpg\" alt=\"An old pencil drawing of Don Quixote and Sancho Panza sitting on their horses, by Wilhelm Marstrand.\"\/><figcaption class=\"blocks-gallery-item__caption\">The Lamastus Family\u2019s Elida Estate. Specialty Coffee Association of Panama photo.<\/figcaption><\/figure><\/li><\/ul><\/figure>\n\n\n\n<p>The 23rd&nbsp;Best of Panama&nbsp;specialty coffee auction resulted in astounding prices, including a BoP auction-record-breaking natural-process Gesha variety from the&nbsp;Lamastus family\u2019s Elida Estate&nbsp;that fetched $1,029 per pound.<\/p>\n\n\n\n<p>The&nbsp;49 lots sold&nbsp;at the auction generated nearly $560,000 for farmers, with per-pound averages reaching just above $100. Among the forty-three 100-pound lots sold, none fetched less than $28 per pound, reflecting the high prices buyers were willing to meet across the board.<\/p>\n\n\n\n<p>Such prices are in stark contrast to the global commodity coffee market, where, as of this writing, the&nbsp;ICE coffee futures price, a.k.a. \u201cC price\u201d for September contracts sat at a dismally low $1.076 per pound.<\/p>\n\n\n\n<p>For the BoP auction, coffees were divided into five categories: natural- and special- process Geshas; washed-process Geshas; natural-process Pacamaras; traditional natural- and special-process coffees of other varieties; and traditional washed-process coffees of other varieties.<\/p>\n\n\n\n<p>If not the genetic birthplace of Gesha, which&nbsp;originated in Ethiopia, Panama has been ground zero for the fame and economic rewards associated with the Gesha variety (referred to by most Panamanian producers as Geisha) at the very high end of the specialty coffee trade.<\/p>\n\n\n\n<p>A longtime competitor in the BoP auction, the Lamastus family has been a major force in Panamanian specialty coffee, with owner Wilford Lamastus (Sr.) being a key figure in the formation of auction organizer the&nbsp;Specialty Coffee Association of Panama. The family\u2019s natural-process \u201cElida Geisha Green Tip\u201d took the highest score ever at the BoP competition in May before breaking the auction price record this week.<\/p>\n\n\n\n<p>\u201cLast night Elida Geisha ASD achieved a record of $1029 per lb of coffee. The same coffee achieved 95.25 points, another record in points&nbsp;<em>[sic],<\/em>\u201d Wilford Lamastus Jr.&nbsp;wrote on Instagram&nbsp;following the auction. \u201cSince the days my father started pushing with his few colleagues the creation of the Specialty Coffee Association of Panama to 29 years later achieving the records and making Panama Geisha a global brand. Today, Elida won as the best coffee, but in reality is about Panama because in the long run people will remember the origin and variety and not individual producers #PanamaGeisha.\u201d<\/p>\n\n\n\n<p>Japan\u2019s&nbsp;Saza Coffee&nbsp;was credited by the producers for leading the buying consortium, while U.S. buyers included&nbsp;Klatch Coffee&nbsp;(Rancho Cucamonga, California),&nbsp;Willoughbys Coffee &amp; Tea&nbsp;(Branford, Connecticut) and&nbsp;Dragonfly Coffee Roasters&nbsp;(Boulder, Colorado).<\/p>\n\n\n\n<p>Earlier this year, Klatch Coffee&nbsp;made headlines&nbsp;throughout the world for pitching last year\u2019s BoP top lot \u2014 yet another natural-process Gesha from the Lamastus family\u2019s Elida Estate, which&nbsp;sold for $803 per pound&nbsp;\u2014 as the priciest cup of coffee ever sold. It offered individual tasting experiences&nbsp;in San Francisco&nbsp;for $75 per cup.<\/p>\n\n\n\n<p>This article first appeared on&nbsp;<a href=\"http:\/\/dailycoffeenews.com\/\" target=\"_blank\" rel=\"noopener\">dailycoffeenews.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>La 23\u00aa subasta de caf\u00e9 de especialidad Best of Panama result\u00f3 en precios asombrosos, incluida una variedad Gesha de proceso natural que bati\u00f3 r\u00e9cords en la subasta de la BoP de la finca Elida de la familia Lamastus que se vendi\u00f3 a $1,029 por libra. Los 49 lotes vendidos en la subasta generaron casi $560,000 para los agricultores, con promedios por libra que alcanzaron un poco m\u00e1s de $100. Entre los cuarenta y tres lotes de 100 libras vendidos, ninguno se vendi\u00f3 menos de $28 por libra, lo que refleja los altos precios.<\/p>","protected":false},"author":599,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[93],"tags":[],"class_list":["post-216290","post","type-post","status-publish","format-standard","hentry","category-operational-update"],"acf":[],"_links":{"self":[{"href":"https:\/\/agronosotros.com\/es\/wp-json\/wp\/v2\/posts\/216290","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/agronosotros.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/agronosotros.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/agronosotros.com\/es\/wp-json\/wp\/v2\/users\/599"}],"replies":[{"embeddable":true,"href":"https:\/\/agronosotros.com\/es\/wp-json\/wp\/v2\/comments?post=216290"}],"version-history":[{"count":0,"href":"https:\/\/agronosotros.com\/es\/wp-json\/wp\/v2\/posts\/216290\/revisions"}],"wp:attachment":[{"href":"https:\/\/agronosotros.com\/es\/wp-json\/wp\/v2\/media?parent=216290"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/agronosotros.com\/es\/wp-json\/wp\/v2\/categories?post=216290"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/agronosotros.com\/es\/wp-json\/wp\/v2\/tags?post=216290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}