Geisha producers in Panama produce the finest and most expensive coffee, which can cost hundreds of dollars a pound, and go to China, which has the potential to become its largest export market.
Exotic products such as geisha, bourbon and catuai coffee produced by eight companies are on display at Hotelex, the 27th International Exhibition of Food Equipment and Services in Shanghai that attracts tasters and buyers from all over Asia.
The participants of the exhibition are Hacienda Esmeralda, Elida Estate, La Mula, Finca Lérida, Hi Cofee, Geisha Farm, Don Pachi Estate and Café Volcán Barú.
Jorge Suarez, director of exports of the Ministry of Commerce of Panama, said that China is one of the most important markets for Geisha coffee.
In 2017, Geisha coffee was sold at a record price of $ 601 per pound (454 grams) at the XXI The Best of Panama electronic auction. For 2016, coffee accounted for 0.6% of total food exports, increasing to 1.2% in 2017, from $ 3,558 million to $ 7,604 million dollars, according to official figures.
The main current destination countries for coffee exports from Panama are Germany, Australia, South Korea, the United States, the Netherlands, Japan, Italy and Taiwan.