A gavel comes down on the word Auction to symbolize the final bid being called

A gavel comes down on the word Auction to symbolize the final bid being called

On Monday, AFCA, ITC and Bean Auction hosted the first ever online coffee auction in Malawi & Zambia and the first truly global Taste of Harvest auction.

Eight batches of samples were sent to buyers in five countries across four continents.

The lots sold for an average price of 265 cts/lb ($5.85/kg), with the top lots selling for 323 cts/lb ($7.12/kg).

We would like to thank Mzuzu Coffee Planters Cooperative and Peaberry Coffee Roasters Limited for contributing coffee in this historic specialty coffee auction.

We would like to congratulate the winning buyers: Blossom Valley International in Taiwan; Schluter – on behalf of Has Bean – in the UK; and WH Cahn in South Africa. We are working with these buyers to deliver these lots on time and for the best available price.

The next auction will be held at the end of November, where buyers will have the opportunity to bid on Tanzania’s most delicious coffee ????.

If you would like to find out more about this project, please check out the press release.

Bean Auction Website – Click here

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