Ethiopia Cup of Excellence auction raises more than US$1million for coffee producers

The 2020 Ethiopia Cup of Excellence (COE) auction broke records, with total sales of US$1,348,690 topping the previous record of $830,245 from El Salvador in 2011.

The El Salvador auction had 42 lots for sale, while the COE Ethiopia auction included only 28, achieving a record-high average price of US$28 per pound.

Read the full Global Coffee Report article here.

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