Honduras sets online auction record.(World news: coffee and tea reports from the front line)(Cup of Excellence competition)(Brief Article)

Tea & Coffee Trade Journal, September, 2004

HONDURAS -- For the first time ever, Cup of Excellence Internet auction in Honduras set a 2005 price-per-pound Cup record, when 1,500 pounds of Arabica green beans, grown by small-scale producer Gregorio Martinez, were purchased by Maruyama Coffee for the Mikatajuku Group for $13/pound--a total ors 19,500.

The auction prices ranged from $3.50/pound up to the high of $13.00/pound. All 21 lots of coffee offered were sold to specialty roasters and international buyers who paid a total of 4168,903 for 34,800 pounds of the best green beans in Honduras. The average price paid was $4.85/pound--or more than six times the current New York market (approx. 75 cents/pound) for Arabica beans.

At the country's first Cup of Excellence competition, Gregorio...

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