Satinaki, a Peru-based farming cooperative of smallholders, organised its first online auction of coffees from the Chanchamayo region, with the highest bid reaching US$27 per kilo.
“Known for producing award-winning coffees, Chanchamayo has consistently impressed at the Cup of Excellence competition, and this auction further solidifies its position on the global coffee stage,” Satinaki said in a statement.
The auction, held on 5 October 2024, was conducted online and attracted international buyers, including raw coffee traders such as List + Beisler and roasters from Germany.
With nearly a dozen participants, the event showcased the six finest coffee varieties from Chanchamayo through a rigorous three-round tasting and evaluation process with respected Q Fraders.
“The coffees from Chanchamayo are celebrated not only for the region’s ideal growing conditions but also for the dedication and craftsmanship of the local farmers. Their meticulous attention to every step – from cultivation to fermentation – results in coffees that are flawless and uniquely aromatic,” Satinaki said.
The highest bid – US$27 per kilo – was several times the current market prices and is a “monumental achievement for the farmers, bringing well-deserved recognition and transforming the region overnight”.
“Word spread like wildfire, and we’ve already received requests from others wanting to meet the winners and learn from their success,” says a Satinaki representative.
This success is said to be a great motivator for the entire region and therefore an important building block for the development of coffee cultivation. The auction was supported by sponsors Knauer & Knauer and Murnauer Kaffeerösterei.
Satinaki says the event will return next year, with the goal to give local farmers global recognition for the quality of coffee they produce.
“We aim to empower the farmers, elevating their position in the global coffee industry and ensuring they are justly rewarded for their hard work,” says a Satinaki spokesperson.
