Singapore’s first virtual coffee auction attracts 45 producers from 12 countries
Forty-five producers and 56 lots of specialty grade coffee from 12 countries will be joining the first (Micro-Lot) Specialty Coffee Auction organised virtually by the Singapore Coffee Association (SCA), in partnership with Food&HotelAsia (FHA), on October 1, 2020.
All producers are first-timers from Brazil, Colombia, Costa Rica, Guatemala, Indonesia, Kenya, Myanmar, Panama, Peru, Timor Leste, Venezuela and Zambia.
For many specialty coffee producers, selling their beans through traders have been the legacy practice. However, the pandemic, which caused travel and social restrictions to be enforced worldwide, has disrupted supply chains and turned coffee trading sluggish.
The Singapore (Micro-Lot) Specialty Coffee Auction will present 56 lots of specialty grade coffee beans including the rare and premium Panamanian Geisha from Panamanian producers – Café Don Benjie and Cafelino S.A.
The world’s most expensive coffee beans, the Geisha beans were sold at US$1,029 for a pound in 2019. Grown in the highland areas of Panama, the Geisha beans undergo a meticulous process, from hand-picking of the ripe cherries to processing the beans.