Dubai Times

Live, Love, Leverage – Ya Habibi!
Saturday, Feb 15, 2025

Dubai Coffee Auction Achieves Record Prices

Dubai Coffee Auction Achieves Record Prices

The inaugural Dubai Coffee Auction sets new benchmarks with premium beans fetching over 36,000 AED per kilogram.
The 'Dubai Coffee Auction,' organized by the Dubai Multi Commodities Centre (DMCC) as part of the 'World of Coffee 2025 Dubai' exhibition, concluded recently with record-breaking prices for rare and luxurious coffee beans.

The auction showcased 16 lots from 11 producers across nine countries, featuring 11 unique varieties of 'Gesha' coffee, highlighting the event's status as a global platform for premier coffee producers.

The highest-priced coffee at the auction was the natural Gesha from 'Finca Sofia' in Panama, selling for 10,020 USD (approximately 36,798 AED) per kilogram.

Another variety from the same farm was sold for 8,614 USD per kilogram, while coffee from 'Finca La Mula' reached 2,620 USD per kilogram.

Additionally, a type of 'Oma Natural' coffee from Ethiopia fetched 1,100 USD per kilogram, marking a new record for Ethiopian coffee.

Moreover, the 'Kona SL 34' coffee from Hawaii achieved a record price of 950 USD per kilogram, an increase of eight times from the previous highest price for Kona coffee.

Ahmad bin Sulayem, CEO of the DMCC, stated that the inaugural coffee auction provided a unique opportunity to showcase some of the rarest and highest quality coffee, achieving new record prices for specialized varieties and solidifying Dubai's position as a global coffee trading hub.

He emphasized the auction's role in creating a transparent and competitive platform for price discovery in the specialty coffee market and bringing together producers, traders, and coffee enthusiasts from around the world, reinforcing the DMCC's pivotal role in shaping the future of one of the most traded commodities globally.

Khaled Al Hamadi, Senior Vice President of 'DXB Live', the integrated event management services arm of the Dubai World Trade Centre, noted that the auction highlighted Dubai's stature as a global coffee trading hub.

He pointed out that the auction not only demonstrated the growing demand for rare and luxurious coffee beans but also emphasized their commitment to fostering growth and excellence within the industry through such events.

David Paparelli, Auction Director and CEO and Co-founder of 'M-Cultivo,' remarked on the distinct pricing of specialty coffee at auctions compared to mainstream market prices.

He stated that buyers view these coffees as luxury items rather than comparing them with commercial coffee, likening the distinction to comparing a Patek Philippe watch with a Timex, highlighting the significant difference in their respective categories.

Specialty coffee is characterized by receiving a score of 80 points or higher on a 100-point scale used by the Specialty Coffee Association.

All lots featured in the auction scored 92 points or more.

Three primary factors determine the high prices: first, the coffee must be among the best in the world, usually scoring above 90 points in tasting tests; second, its rarity is enhanced by limited quantities; and third, the producer's reputation and story significantly contribute to its value, as buyers seek quality consistency and a distinguished background.

Gesha coffee is recognized as one of the rarest and most expensive types globally, known for its unique flavor profile and high quality, characterized by floral notes and citrus acidity, with origins tracing back to Ethiopia's Gesha village.

It was transferred to Panama in the 1960s, contributing to its premium status.

Additionally, 'La Llama' beans from producer 'Los Rodriguez' have become the most expensive Bolivian coffee ever sold, reaching 350 USD per kilogram.
Newsletter

Related Articles

0:00
0:00
Close
Trump's special envoy for hostage affairs cautions Hamas against challenging Trump before the Saturday deadline.
OpenAI Revises Its Approach in Response to Intensifying AI Competition
Climate change presents substantial threats to worldwide cocoa production.
US Educator Detained in Russia Freed, Sparking Optimism for Revived US-Russia Conversations
Lebanon Inaugurates New Government with Hezbollah's Impact on Major Ministries
Report: Iran Attempted to Assassinate Trump During Election Campaign
Iran's Supreme Leader Rejects Nuclear Negotiations with the U.S.
UAE Assists in the Exchange of 300 Inmates Between Russia and Ukraine
Trump's Proposal for Gaza Provokes Global Debate
Egyptian President El-Sisi Invited for White House Meeting Following Jordanian King’s Visit
Nearly 96% of New Cars Registered in Norway in January Were Electric
Apple Abandons AR Glasses Project Amid Struggles with Technology and Market Demand
Jailed Ex-Pakistani PM Imran Khan Draws Parallels to President Trump in Fight for Justice
Apple Surpasses Revenue and Earnings Expectations, But iPhone Sales Disappoint
Iran Develops Long-Range Nuclear Missiles with North Korea's Help, Claims Report
Global Semiconductor Industry Faces Persistent Challenges Amid Efforts to Boost Production
Saudi Arabia Unveils 'Dream of the Desert' Luxury Train, First of Its Kind in the Middle East
The 'Chinese Pearl Harbor' on U.S. Tech: DeepSeek's Launch Triggers Market Collapse
The Trump Era 2: A Time of Dramatic and Profound Change
Leaked Documents Reveal Google's Collaboration with Israeli Defense Forces During Gaza Conflict
Five Billionaires on Track to Break One Trillion Dollar Wealth Barrier
UAE Leaders Congratulate Joseph Aoun on His Election as President of Lebanon
UAE Takes Custody of Abdul Rahman Al Qaradawi After Extradition from Lebanon
Google Launches Android XR: A New Chapter in Mixed Reality
Winter Storm Grounds Over 1,300 Flights Across the United States
Smartwatches: The Rising Technological Marvels Organizing Schedules and Monitoring Health
Abu Dhabi Police Launches Global Innovation Competition
UAE Receives Suspect Abdulrahman Al-Qaradawi from Lebanon
British Athletics Faces Involuntary Manslaughter Charges in the Death of Emirati Paralympian Abdullah Hayayei
The Economic Challenge Facing Donald Trump in His New Presidential Term
UAE's Private Sector Sees Surge in Hiring of Emirati Citizens
US Dollar Maintains Strength Amid Rising Bond Yields and Anticipated Labor Data
The Greenland Conundrum: Trump's Overture to an Arctic Territory
Global Temperatures in 2024 Surpass Climate Thresholds
The Fasting-Mimicking Diet: A Revolutionary Approach to Age and Health Management?
Stargazers Invited to Spectacular Perseids Meteor Shower Viewing Event in Sharjah
UAE Introduces Guidelines on Counting Commute Time as Working Hours in Certain Conditions
Complex Surgeries Successfully Save Newborn with Life-Threatening Heart Defect in Abu Dhabi
Majid Al Futtaim Launches HyperMax in Oman, Creating 2,000 Jobs
Protecting Evidence Crucial in Search for Missing in Syria, Experts Urge
Family of Turkish American Killed in West Bank Meets with Blinken
Saudi Footballer Fahad Al-Muwallad Hospitalized After Fall in Dubai
Reduced Speed Limits Enforced as Dense Fog Engulfs Abu Dhabi
UAE Condemns Israeli Map for Violating International Law
UAE Commits $40 Million to Bolster Brazilian Environmental Initiatives
UAE Expands Terror List with Ties to Muslim Brotherhood
Arab Foreign Ministers Convene in Aqaba to Address Syrian Crisis
Zeekr Al Rostamani Debuts at WETEX with Sustainable Vehicle Innovations
Liverpool's Mohamed Salah Clinches Premier League Player of the Month
Volkswagen Sells Controversial Xinjiang Factory
×