Staggering $400 per lb bid result in Cup of Excellence Ethiopia recorded

Staggering $400 per lb bid result in Cup of Excellence Ethiopia recorded

August 25 - 2022

Coffee Geography Magazine

Cup of Excellence Ethiopia announced the top scoring coffee of Cup of Excellence Ethiopia 2022 sold at a staggering price $400.50 per pound or $884.10 per kilogram. This is the highest price ever recorded for the country. The Ethiopian coffee farmers, the Ethiopian Coffee and Tea Authority, Steering Committee Members, Alliance for Coffee Excellence team, and other stakeholders brought the selecting and tasting program to a success through months of meticulous hard work.

Cup of Excellence Ethiopia claims its appreciation to all the buyers participated in the auction and for showing their support for Ethiopian coffee farmers. 

The following is the detail results posted by COE Ethiopia. $400.50/lb top bid for lot 1a (Legese Botosa Dikale ) by LNK Coffee Trading DMCC - new CoE record. 

Also, note that lot 1b was purchased for $400/lb by SAZA Coffee. 

☑️$37.51/lb avg price per pound - new CoE record 

☑️$1,370,736 total proceeds⁠

adugna debela

Dr. Adugna Debela, Executive Director of the Ethiopian Coffee and Tea Authority

The executive director of ECTA (Ethiopian Coffee & Tea Authority) expressed his gratitude in his remark on the occasion about the COE Ethiopia result “In this year’s COE Ethiopia final result, our farmers have scored record price tag for the quality coffee they have supplied to international buyers. The outcome is quite staggering which is an overwhelming victory for all of us. We thank all stakeholders including the participating farmers, members of the steering committee, all ECTA’s staff, Ethiopian Coffee Exporters’ Association, Cup for Excellence 2022 project staff , Alliance for Coffee Excellence’s staff , Ministry of Agriculture and others in regional level who brought their contribution for COE Ethiopia operation.”

The Cup of Excellence is an annual competition held in several countries to identify the highest quality coffees produced. It is organized by the Alliance for Coffee Excellence, which was founded by George Howell, Susie Spindler and Silvio Leite. The winning coffees are sold in internet auctions. 

The concept was developed by the Gourmet Coffee Project of the International Coffee Organization (ICO). This project was devised by Pablo Dubois, Head of Operations of the ICO and Frans Bolvenkel, of the International Trade Centre (ITC) at a meeting in Geneva in late 1994. 

This project, supervised by the ICO, managed by the ITC and largely financed by the Common Fund for Commodities, ran from 1995 to 2000, and aimed to develop methodologies for the creation of new "gourmet" or high-quality specialty coffees.

The Cup of Excellence competition has been dubbed as the 'Oscars of the coffee world'. Esteemed juror includes Enrico Meschini who is also the founder for the CSC certification which is among the most stringent coffee grading system in the world. The competitions began in 1999. As of 2020, competitions are held in Brazil, Colombia, Peru, El Salvador, Costa Rica, Nicaragua, Guatemala, Honduras, Mexico, Burundi, Ethiopia, and Rwanda. In the course of the competition each coffee is tested at least five times. Only those coffees that get high scores continuously move forward in the competition. The final winners are awarded the Cup of Excellence and sold via an internet auction to the highest bidder.