Costa Rica Coffee Breaks Brazilian Coffee Price Record_Is Costa Rica Coffee Expensive?

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Costa Rican coffee beat Brazilian coffee at this year's Taza de la Excelencia global electronic auction, setting a new price record.

Costa Rican coffee is no longer the country's main export, but its quality still enjoys an international reputation. A batch of Costa Rican coffee beans scored an outstanding $30009 per quintal at this year's Cup of Excellence global electronic auction, breaking the record set by Brazilian coffee beans in 2017 ($13020 per quintal).

According to official statistics, Costa Rica produces most of its coffee for export, with less than 20 per cent entering the domestic market; surprisingly, Costa Rica, as a major coffee producer, is also one of the main coffee importers in Central America, owing to various market factors such as price, quality, stock and logistics.

Experts predict that although Costa Rica's coffee production was affected by Hurricane huracán Otto during the 2017-2018 harvest season, the next harvest season will be boosted by sufficient rainfall.

Brazil, Vietnam, Colombia and Indonesia are currently the world's leading coffee producers; Costa Rica ranks 14th in the world rankings for coffee production in 2016-2017 (0.9% of global coffee production compared to 1.5% 10 years ago). Despite declining yields, the quality of Costa Rican coffee continues to improve.

Costa Rica is currently the second largest coffee consumer in the Americas; Finland, Sweden, Norway and Switzerland are the largest coffee consumers per capita worldwide.

Coffee remains the world's most sold tropical product today, grown in more than 50 developing countries; coffee farming provides a livelihood for 25 million farmers worldwide and accounts for more than half of export earnings in some countries.

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