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Wed 13 Nov 2019 02:06 PM

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Dubai holds first coffee auction as it seeks global status

Dubai Multi Commodities Centre hosts world's most valuable coffee, Panama Geisha, worth AED10k per kg

Dubai holds first coffee auction as it seeks global status

The auction was held with the objective of increasing trade flow of coffee in Dubai and positioning the DMCC Coffee Centre as a gateway for coffee trade.

Dubai Multi Commodities Centre (DMCC) has hosted its first specialty coffee auction as it seeks to anchor the emirate at the heart of the global coffee trade.

The auction hosted over 100 representatives of the UAE’s coffee industry to taste and bid for some of the most exclusive and highest quality coffee in existence.

The world’s most valuable coffee, Panama Geisha, was supplied by Café Eleta and on offer at the event.

Geisha coffee from Panama is famed for its extraordinary taste and was awarded the highest ever score in a global specialty coffee competition earlier this year.

With very limited volumes being produced each year, it has previously been sold for a record-breaking AED 10,000 ($2,268) per kilogramme.

Over 25 varieties of coffee from more than 10 different origins were also on offer at the auction, including a range of Central and South American coffees from Brazil, Colombia, Costa Rica, Guatemala, Honduras and El Salvador, as well as a selection of African coffees from Ethiopia, Rwanda, Burundi, Kenya and Tanzania.

Alejandro Carvello, CEO, Eleta Group, said: “We are delighted to have collaborated with DMCC to bring the world’s most valuable coffee to Dubai. Specialty coffee is gaining traction globally and the success of this event showcases the growing interest and appetite for it in the region as well. We look forward to bringing other unique offerings to Dubai in the years to come.”

The auction was held with the objective of increasing trade flow of coffee in Dubai and positioning the DMCC Coffee Centre as a gateway for coffee trade. It brought roasters, traders, and specialty coffee shop owners under one roof and underpinned Dubai’s emergence as a global industry leader, a statement said.

DMCC inaugurated its Coffee Centre, a temperature-controlled facility and the first of its kind in the Middle East, earlier this year.

From crop to cup, the centre offers logistical support and services that connect producers to buyers. The venture also houses a coffee quality laboratory, cupping labs and a Specialty Coffee Association (SCA) training campus, in addition to a range of commercial office space.

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