Kotowa Don K Coffee ranks among the types of naturally processed Geisha.
On Tuesday some of that coffee obtained the price of $93.25 per pound and was acquired by Horiguchi Coffee and Saza Coffee in Japan, after more than three hours of bidding on the website www.stoneworks.com.
According to Prensa.com, "The Baby Geisha Natural by Coffee Ruiz was purchased for $86.50 and the Mama Cata Geisha Special from the Garrido farm, was bought by the Japanese Saza Coffee for $80.25. The lowest price offered in the auction, which began at 1:30 pm and ended at 3:07 pm, was for $7.75.
'We are satisfied with the price obtained and the fact that there are more varieties and ways to process coffee," said Ricardo Koyner from Kotowa coffee."
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The final price of the aromatic grain from the farm Hacienda La Esmeralda reached a record high during the online auction entitled "The Best of Panama 2013".
Prensa.com reports that "the grain was purchased by the companies Saza Coffee, in Japan, and Haaya Gourmet Coffee, in Taiwan".
June 11 will see the international auction via the internet of specialty coffees from Panama, from the district of Boquete, in Chiriqui.
According to Plinio Ruiz, president of the Specialty Coffee Growers of Panama (SCAP by its initials in Spanish), there will be 25 lots of coffee in the auction which were the winning entries in the Best Of Panama contest recently held in Boquete.
Confirmation has been given for August 26th as the second phase of the electronic auction "The Best of Panama" which will offer 46 lots of geisha and traditional coffee in the wash and natural presentations.
The auction starts with a base price of $4 per pound of grain and to participate in the auction international buyers must register with the Speciality Coffee Association of Panama.
The auction titled "The Best of Panama 2013" will take place online on July 3, and will have the participation of about 57 international buyers.
According to Pliny Ruiz Jr., President of the Specialty Coffee Association of Panama (SCAP), the auction will begin at 9 am via the website www.stoneworks.com.