What Does the Yemen Coffee Auction Reveal About the Industry?
The Yemen 2024 auction closed at $526.5 per pound, about $1,159 per kilogram, a record for Yemeni coffee. The top score passed 90 points and the average price reached $369 per kilogram. A Saudi Arabian roaster won the top lot, showing growing Middle Eastern investment in the coffee industry.
The auction is run by the Alliance for Coffee Excellence, a nonprofit that finds high-quality beans and rewards farmers. Yemen receives 244 to 379 millimeters of rain a year, far below the 1,400-millimeter average for coffee cultivation, yet its crop thrives. Of 36 auction plots, 13 were farmed by women, and honey-processed coffee appeared for the first time.
The Best of Yemen 2024 auction closed at $526.5 per pound (about $1,159 per kilogram), setting a new record high for Yemeni coffee, with an average auction price of $369 per kilogram and a top score exceeding 90 points. A Saudi Arabian roaster won the top lot, showing that Middle Eastern capital's involvement in the coffee industry is on the rise. This year's auction also highlighted Yemeni coffee's resilience under extreme drought conditions, the important role of female growers, and the debut of honey-processed coffee.
The Best of Yemen 2024 auction set a record at $526.5 per pound (equivalent to $1,159 per kilogram), which is said to be the highest price ever paid for Yemeni coffee. The top score at the auction exceeded 90 points, setting a new benchmark for Yemen's coffee industry.
Reports indicate that the $526.5 bid came from a roaster in Saudi Arabia, reflecting the Middle East's growing involvement in the coffee industry. It is understood that the average price at this auction reached $369 per kilogram.
What is the Alliance for Coffee Excellence?
The Best of Yemen auction is organized by the Alliance for Coffee Excellence (ACE), a nonprofit, tax-exempt organization dedicated to discovering high-quality coffee beans worldwide and encouraging the farmers who work hard to grow coffee. Its auctions are open and transparent, and the proceeds create incentives for the industry's healthy development, bringing higher incomes and sustainable economic growth to more coffee-growing regions.
The Best of Yemen Auction's Focus on Climate Change
Its focus on climate change is another commendable aspect of the auction. This year's event showcased to the world the strong resilience and adaptability of Yemen's local coffee crops in the face of environmental change. Yemen's annual rainfall ranges from 244 to 379 millimeters, far below the global average of 1,400 millimeters for coffee-growing regions. Most climate and coffee experts say that, based on the data, Yemen is not suitable for growing coffee, yet the coffee crops here "not only survive but thrive." This offers a certain example for coffee cultivation in other parts of the world.
Women's Outstanding Contribution to Yemeni Coffee
In recent years, women's contributions to Yemen's coffee industry have become increasingly prominent. Of the 36 plots in the auction, 13 were cultivated by local women. The plot that set the record of $526.5 was also managed by a women's farming group in Sana'a, Yemen.
This achievement is an enduring milestone for Yemeni women in agriculture and reflects the growing importance of women's role in the coffee sector.
"I feel a very strong sense of joy and have been anxiously waiting for news of the auction." Katibah, a female farmer from the Hayme Dakhliya community, said she had never before sold her coffee outside Yemen. She said, "The auction feels like a dream. I never thought my coffee would be recognized by people in other countries."
Honey Infuses New Possibilities into Yemeni Coffee
Honey-processed coffee appeared at the auction for the first time. Honey processing does not require water, and the process suits Yemen's local natural environment. This innovation adds new possibilities for the development of coffee types. The auction also celebrated this "important change in Yemen's coffee industry."
"These achievements reflect the hard work and dedication of Yemeni coffee farmers, who, despite the challenges, are still striving to produce the best coffee." A founder of a coffee brand said after attending the auction that Yemen has always been one of the pioneers of the coffee industry, and this auction reaffirmed its place on the global stage.
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The above content is compiled by CoffeeHunters, a coffee news website.
