This Coffee Goes for $1300 A Pound But Now You Can Buy It for $5 a Cup

Cometeer, a coffee start-up, linked up with Finca Sophia, a Panamanian farm, to provide a chance to taste the uncommon beans at home.

There are a few locations in the world of coffee that enthusiasts rave about on a daily basis. Finca Sophia, a farm in Panama’s highlands that produces some of the world’s most valuable beans, is one of them. Finca Sophia is located at 2100 metres above sea level, making it one of Central America’s highest altitude farms and allowing for gradual fruit maturity and taste development in the beans. Finca Sophia’s cleaned Gesha beans sold for $1300.50 per pound at last year’s Best of Panama auction to a group of Chinese purchasers.

That’s great for the consortium, but it effectively locks out the typical coffee drinker who doesn’t have the cash to buy beans at auction. But there’s good news: Cometeer, a coffee start-up, is partnering with Finca Sophia farm on the Stellar Line, a new series of coffee releases aimed at highlighting award-winning beans and making them more accessible to the average customer who doesn’t, say, read Panamanian auction records.

Cometeer sells flash-frozen coffee extract in aluminium capsules that are sent to customers directly. To create a hot cup at home, melt the frozen extract puck with six to eight ounces of hot water, or let it thaw and add cold water and ice to make iced coffee. For $99, they’re providing a set of 20 Finca Sophia bean capsules that have been roasted by Equator Coffees, steeped, and flash frozen. That works up to around $5 per cup, which is a great value for beans that may cost over $1,000.

In a statement, Cometeer co-founder and CEO Matt Roberts said, “We believe strongly in paying large premiums for speciality coffee production with transparent and sustainable supply chains with each of our roasting partners.” “We want to make the coffee world more fair, equitable, sustainable, and forward-thinking, and that starts with paying farmers more; the Cup of Excellence and our Stellar Series Program is really an opportunity for us to make larger investments in high-quality coffee production while also serving super delicious coffees along the way; our goal is to support the decommoditization of coffee and make it more future-forward.”

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