100 bidders from 17 countries and regions joined the Singapore Specialty Coffee Auction held on 1 October 2020 virtually for the first time. The event saw some modest prices going to the Geisha bean variety from Panama. MD Estate Coffee Inc’s Geisha beans from Boquete Panama sold at the highest bid price of US$64.50 per kilogram to Seed & Virtue Pte Ltd, Singapore.
Organised by the Singapore Coffee Association (SCA) in partnership with Food&HotelAsia (FHA), the virtual auction saw bidders from Australia, China, Hong Kong, India, Japan, South Korea, UAE and USA vying for 49 lots of specialty coffee. The auction was closely watched on socials, garnering up to 5,200 views.