Panama coffee sets online auction record.(World news: coffee and tea reports from the front line)(Brief Article)

Tea & Coffee Trade Journal, September, 2004

PANAMA -- Esmeralda Special coffee from Hacienda La Esmeralda in Panama, set an online coffee auction record when it sold for $21 dollars a pound this summer. Two of the competition's American judges, Danny O'Neill of The Roasterie in Kansas City and John Sanders of Hines Public Market Coffee in Seattle, were so impressed with Jaramillo that they formed a buying group along with Groundwork Coffee in Los Angeles, and were determined not to be outbid and win seven bags of this coffee from the mountains of Western Panama.

Competition was intense during the internet auction as it became clear early on that several bidders were after the small lot of seven 60-kilo bags. When the auction closed, Esmeralda Special from Hacienda La Esmeralda had sold for an unheard of...

Read the rest of this article with a Free Trial at HighBeam Research.

Premium Content Partnership | HighBeam Research provides an in-depth online archive library of reference works.