Feb 2011: More Coffee Market Craziness; Life without Centrals?

Tue, 2011-02-01

Coffee is about to get ridiculously expensive. I sit here in Kenya as I write this, having set aside 271 bags of amazing coffee, but at prices that would have been unbelievable, even last year. Auction prices have hit new highs, $10.08 in last week’s auction. It's hard to speculate if those particular lots were bid up due to some prior arrangement with a buyer who specified no cap, or whether 2 parties thought the coffee was that good. (I cupped a different lot that went over $10 in the auction and did not think it was a real Gran Cru coffee).

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