From Virmax:
Colombian UGQ diffs have continued above 50 cents/lb during the last month. The scarcity of Colombian coffee and the continuous appreciation of the Colombian Peso vs the US Dollar (moving from around 1963 Pesos per Dollar at the beginning of June to 1840 at the end of July - a 6% appreciation in the last 2 months) are the main factors contributing to the firmness in diffs. The average differential during the last 12 months is 60 cent/lb.
With today’s close of USD 1.73/lb, expect to pay at least 2.36/lb (FOB) for your average Colombian UGQ …if you can find any. Supremos are even more expensive at USD 2.55/lb (FOB) due to the bad physical quality of what’s being produced.
It is with great pleasure that we want to share with you the news that, for the second year in a row, a Virmax coffee had the SCAA’s highest scoring coffee of the “Coffees of the Year” award with a coffee produced by farmer Carlos Imbachi, in his farm “Finca Buenavista”, from San Agustin, Huila.
Follow this link to the SCAA post announcing the winners.
Congratulations to the winners in each category.
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