A kilogram of Ethiopia’s finest coffee sold for $884 at auction

Addis Ababa, August 30, 2022 (FBC) – A kilogram of Ethiopia’s finest coffee has sold for a staggering 884 USD at auction. The winning coffees of the third Ethiopian Cup of Excellence competition on Saturday went under the hammer in the Alliance for Coffee Excellence auction this week.

The coffee that scored the highest points at the cup of excellence competition was able to get a record-breaking price from a UAE firm. LNK Coffee Trading paid a whopping 884 USD for a kilogramme of the coffee.

”This is the highest price ever recorded for an Ethiopian coffee,” said the Cup of Excellence Ethiopia organizers.

Thirty coffees from four regions scored above an 87 by the International Jury, winning the annual cup of excellence.

A naturally-processed coffee, which was produced by smallholder farmer Legese Botosa from the Sidama region in Southern Ethiopia, ranked top scoring the highest 90.69 points.

In total, the winning coffees, packaged in 30kg boxes containing two 15kg vacuum-packed bags, were sold at a 37.51 USD average price a pound at the auction.