Cup of Excellence Natural Late Harvest auction pays 1.346% more than New York

The highest bid recorded was U.S. $ 18.80 per pound, equivalent to U.S. $ 2,486.97 paid by each of the 21 bags of the San Joaquin Ranch, owned by Sandi Jesimar de Oliveira, contest winner
The auction of 22 lots winners of 2nd Call Quality 'Cup of Excellence Natural Late Harvest "- Issue 2012, conducted by the Brazilian Specialty Coffee (BSCA, English acronym), in partnership with the Brazilian Export Promotion and Investment (Apex-Brazil) and the Alliance for Coffee Excellence (ACE), took place on Thursday, March 14, through the internet.
All coffees were negotiated and generated total revenue of U.S. $ 401,870.23, to an average of U.S. $ 6.31 per pound, equivalent to U.S. $ 834.69 per bag of 60 kg and is of high 451.84% over the closing day at the New York Stock Exchange (U.S. $ 1.3965 per pound on the contract maturing in May 2013, the most traded).
At the end of business, registered the highest bid was $ 18.80 per pound (up 1346.22% from New York), paid by UCC Ueshima Coffee Co., Ltd, Japan This value is equivalent to U.S. $ 2,486.97 paid by each of the 21 bags of the San Joaquin Ranch, situated in Conceição das Pedras (MG), South of Minas Gerais. The plot yielded a total of U.S. $ 52,226.40 to the producer Sandi Jesimar de Oliveira, winner of intended solely to natural coffees from Brazil.
According to the executive director of BSCA, Vanusia Nogueira, despite currently unfavourable market, the result of the auction was good due to the superior quality of the lots offered. "In years of crisis in coffee prices, the grains stand out for special and differentiated quality, this year, the novelty factor also contributed," he says. "The novelty was exactly the plot grower Jesimar Sandi de Oliveira. Its production and its municipality had never been represented in any competition quality, which combined the curiosity and the quality of coffee produced an excellent bid in the auction, "he adds.
The second best value of trading was paid for the grain produced by Flávio José Ferraz Reis, owner of JR Farm (Junqueira Reis) in Carmo de Minas (MG). Your batch of 19 bags, was bought by Japanese also Time's Club, which paid U.S. $ 2,182.34 per bag, generating a total of U.S. $ 41,464.50. The full results of the auction can be found on the ACE website (http://www.allianceforcoffeeexcellence.org/en/auctions/2013-brazil-late-...).
Source: Revista Cafeicultura