Best of Panama auction 2018 auction has just finished with record prices gathered and Dabov Specialty Coffee has acquired one more great coffee for its catalog!

Lamastus Family Estates that won the two first places on the Best of Panama 2018 auction for Geisha Washed and Natural earned more than $150 000 for 90 kg of coffee. This is an amazing price in the world of Specialty Coffee.
As we have already informed you, Best of Panama is one of the most significant events for the world of specialty coffee. This year the competition was held for the 22 time and gave the world the opportunity to get closer to some of the most exclusive cafes such as the incomparable Geisha. The industry experts confirm their opinion that 2018 was a spectacular year for the specialty coffees tasted and rated in Best of Panama.
The prices went crazy on the Best of Panama 2018 auction after last year’s $601 paid for the best coffee in Panama from Jason Kew – an Australian Chinese coffee hunter.
The Best of Panama 2018 auction lasted for more than 8 hours and finished with record prices. 49 lots of really special coffee varieties were bought by some of the best coffee trading companies in the world and brought the farmers that have cultivated them the deserved payback.

Do you know that Dabov Specialty Coffee was one of them? We succeeded to secure lot №16 from the washed geishas from Agricola Geisha, produced by Dona Elvira. Our coffee hunter Jordan Dabov gave it 92,50 points!

As you remember, he was the only judge from Europe in this year’s competition – a rare and hard-earned privilege that many industry insiders from all over the world still can only dream about.
Prices started from $30 per pound (approximately $60 per kg) and the record price was paid for the best coffee in 2018, found in Panama, in the Lamastus Family Estate – the Natural Geisha which was bought for $803 per pound (approximately $1600 per kg).

The prices of the geishas on Best of Panama 2018 auction went crazy starting from $50 per pound ($100 per kg)

All lots from the famous Esmeralda farm led by the Peterson family were traded for very high prices:
Esmeralda Geisha washed – 9th place was sold for $140 per pound
Esmeralda Geisha natural – 3rd place was sold for $151 per pound
Esmeralda Traditional washed – 1st place was sold for $100 per pound

Who won the best coffees in the world from Best of Panama’s online auction?

Only a few companies dared to bid in the auction. Some of them started showing interest in more than three lots and finishing with none. Most of the companies are from the Asian market, some from the USA and Europe.
The total sum in the auction paid by the buyers was around $550 000 paid for 109 boxes of 50 pounds of green coffee.
Three times the bids were placed at the last possible second and this infused the auction with more tension.

Do you know that…

Geisha coffee neither comes from Panama nor does its name have a Japanese influence. It originates from Gesha, Ethiopia but it was in Panama where this variety has blossomed because of the high altitude and the combination of a climate and soil perfect for its needs. A little more than a decade ago it attracted the attention of coffee experts worldwide after it won the Best of Panama competition in 2004.
Read more about the winning coffees from Best of Panama 2018 on our website. Check out the official page of Best of Panama as well!

After a few days of cupping, scrupulous selection and evaluation, the winner of the Best of Panama competition for 2018 was selected.

The annual edition of Best of Panama was held in Valle Escondido Resort & Spa and ran from 22 to 26 May. The event hosted more than 15 local judges, 18 international judges from the USA, Hong Kong, Taiwan, Korea, Australia, EUA and Japan and over 25 international guest testers from Asia, the United State, and Europe. We are also proud of our founder, Jordan Dabov, who was the only European to be invited as a judge for the last few years! They all confirm that the Geisha variety has the best and most deserved reputation in Panama.

The international jury of the Best of Panama 2018. Our founder Jordan Dabov is the only European who has been invited to participate for the last few years.

On Best of Panama, a new record was scored by the washed Geisha

The washed Geisha scored a record result this year – 94.38 points out of a maximum of 100! This is a historic record since the highest rating so far is 94.11. It is for this reason that the question arises whether a maximum score of 100 points can be reached? “It would be great, but it would also mean that there would be no better coffee,” said Wilford Lamastus, President of the Specialty Coffee Association in Panama.

Will last year’s highest score on Best of Panama be reached in 2018?

For comparison, natural Geisha received 93.63 points, which is 0.48 less than its personal record from previous years of 94.11 points. Last year, the winner coffee was sold for $ 601 per pound at an online auction. Five years earlier, the price for the winner was $ 350.25. These differences not only show the quality of coffee but also help local development and gradual improvement in production. One can only guess how much the buyers will be willing to pay on this year’s online auction.

“Our costs are very high compared to the rest of Latin America. Only if we remain in the special category, this branch of coffee can provide better returns to the country,” appreciates producer Ricardo Koiner, manager of Kotowa.

Koiner supports his assessments of climate challenges, and Lamastus adds the impossible competition in volume with other exporting countries.

The weather this time led to the farms to have low production rates. “In many regions, 50% of the capacity was produced; in others, only 20%, “recalls Koiner.

In terms of volume, Lamastus takes Colombia as an example. The South American country sends abroad a minimum of 11 million bags per year. The special category of the Chiriqui highlands allows the harvest of some 200,000 bags, of which an average of 50,000 are sold in other markets.

For these and other organoleptic reasons, that is, texture, color, aroma, flavor and acidity, according to Bermúdez, the 50,000 bags of Panamanian special coffee captivate the public that seeks the most exalted grain.

Since last Wednesday they participated in the tastings of the coffee varieties produced in the highlands, where the pacamara, traditional, natural and geisha varieties are worked in their different modalities.

They are the cream of the coffee industry. “The buyers come, savor and negotiate quantities of 80 or 100 bags with the producers,” says Lamastus.

Others wait until the July auctions to compete for the most exquisite pounds of coffee in the world. Last year a buyer paid $ 601 for a pound of Geisha from Best of Panama. This year, experts now consider, that record can be broken.

*NEW RECORD* Geisha Washed Category Elida Geisha 94.66 Cantar Don Tito Janson Geisha 4. Carmen Estate 5. Hacienda Santa Barbara 6. Garrido Geisha 7. Don Pepe Estate 8. Rojas Geisha

Geisha Natural Elida Green-tip Geisha Don Tony Geisha Hacienda La Esmeralda Cañas Verdes 4. Carmen Geisha 5. Kotowa Rio Cristal 6. Longboard Specialty Coffee. 7. Janson Geisha 8. Santamaria Geisha

Pacamara Category Kotowa Duncan Special Minerva-Nat Doña Elvira Natural @ Valle Escondido Resort, Golf & Spa.

Stay tuned for more info from the world of Specialty Coffee!

We are thrilled to share with you that one of the most significant events in the world of Specialty Coffee is currently underway – Best of Panama 2018!

Founded in 1996 by the Specialty Coffee Association of Panama (SCAP), the competition is now held for a 22 time! This event gives the world the opportunity to get closer to some of the most exclusive cafes such as Geisha for example! Thanks to SCAP’s members who have developed and established cultivation systems and processing methods that aim to create an outstanding product: „Our coffees have been ranked by experts as some of the best in the world in many international competitions, and our production is highly prized by the most demanding and discerning in the industry. We strive to promote a culture that is friendly with the environment: We understand that our water sources, forests, and wildlife are not only a key part of the success and uniqueness of our coffees, but also the most important asset to our communities,” said the locals.

Currently, SCAP has more than 50 active members that export its varieties of Specialty Coffees around the world and that are winners of prizes and recognition in different international taste competitions.

Also, the best of Panama represents the opportunity for local estates to promote the quality of their harvests, as this competition is overseen and judged by national and international experts in the specialty coffee industry. „For us coffee growers, the Best of Panama is a very important event, as it continuously raises the bar for the quality we strive to offer in our product,” said the producers.

This year, Best of Panama 2018 will take place in Valle Escondido Resort & Spa on May 22-26th. The event will host more than 15 preliminary local judges, 18 international judges from USA, Hong Kong, Taiwan, Korea, Australia, EUA and Japan and more than 25 International Guest Cuppers from Asia, USA, and Europe.

We are so proud to announce that our coffee hunter Jordan Dаbov was invited to be a part of the international jury in Best Of Panama. This honour is granted to cuppers from USA, Asia and Australia with high experience in cupping quality coffees. For years a European judge has not been a part of this event.

Follow us for more up-to-date information about the event and the results!

 

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