Premium Panamanian Geisha Coffee Auctioned at an Exceptional Price, Making It Worth a Journey for Connoisseurs.
Record-Breaking Geisha Coffee at the Best of Panama Auction
In the heart of Panama, a small mountain town named Boquete has become a hotspot for coffee lovers worldwide. The town, located in the northwestern province of Chiriquí, is known for adventure tourism and the Baru Volcano National Park, but it's the coffee that truly sets it apart.
The Best of Panama competition and auction, launched in 1989 by a group of Panamanian coffee producers, has been a significant event in the specialty coffee industry. This year, the auction broke records with Hacienda La Esmeralda selling a lot of Geisha coffee for an astounding $30,204 per kilogram, more than three times the previous record.
Hacienda La Esmeralda, a legendary coffee estate with roots dating back to 1940, is world-famous for pioneering the cultivation and international recognition of the Geisha coffee variety. The Peterson family introduced the Geisha variety in 2004, sparking the rise of Panama on the global stage.
The Geisha coffee from Hacienda La Esmeralda has consistently set new quality standards due to its distinctive floral aroma, vibrant acidity, and elegant flavor profile. This year's auction saw the estate's washed Geisha coffee achieving the highest ever price in the history of specialty coffee, selling for $30,204 per kilogram.
The significance of Hacienda La Esmeralda and its Geisha coffee lies in several key aspects. The estate introduced Panamanian Geisha to the world, shifting the specialty coffee paradigm with its unique terroir and meticulous processing. Consistently winning top awards, Hacienda La Esmeralda’s coffee is regarded as the pinnacle of flavor, craftsmanship, and terroir in the international coffee community.
The record-breaking auction prices reflect increasing demand and recognition for premium specialty coffee on the global market. The estate’s success has helped elevate Panama’s reputation as a world-class coffee producer, attracting international buyers and fostering a culture of quality and traceability in coffee production.
Serious coffee lovers can visit the source at Hacienda La Esmeralda during the annual La Cosecha event, where they can taste the Best of Panama competition winners and participate in education and pop-up restaurant experiences. Other coffee farms in the region, such as Aventura Coffee Estate and Elida Estate, part of Lamastus Family Estates, also offer tours and tastings.
The Best of Panama auction is organized by the Specialty Coffee Association of Panama, and it's an event that continues to push the boundaries of what's possible in the world of specialty coffee. With the record-breaking sale of Geisha coffee, Panama has once again proven its status as a leader in the global coffee industry.
Theremarkable success of Hacienda La Esmeralda's Geisha coffee in the Best of Panama auction elevated the estate's coffee to a symbol of luxury travel experiences, as it attracts global connoisseurs to embark on a coffee tourism journey to Boquete, Panama. Moreover, this financial achievement in the specialty coffee industry significantly impacts the town's local lifestyle and economy, bringing an influx of wealth, promoting sports & recreational facilities, and enhancing the overall infrastructure for residential and commercial needs.
