The COE final auction entertained specialty coffees with a cupping score range of 87.38-90.60. The highest bid came with $150.00/lb with an average price of $ 32.12/lb and a total proceeds of $1,803,557.95.
World consumption for the coffee year 2020/21 is projected at 167.23 million bags, an increase of 1.9% on its level of 164.01 million bags in the coffee year 2019/20. Total production for the coffee year 2020/21 is estimated at 169.50 million bags, representing a 0.3% increase on 168.94 million bags in the coffee year 2019/20.
