BUSINESS AND FINANCE

Panama Geisha World’s Most Expensive Coffee Braces for Climate Swings

In Chiriquí, farmers who grow Geisha, the “world’s most expensive coffee,” are starting the 2025–2026 harvest with confidence in flavor and fear of rain. After $30,204 per kilogram in 2025, they now defend a fragile crown.

Where A Record Price Begins with A Quiet Cherry

Up in the highest mountain zones of Boquete, Tierras Altas, and Renacimiento, the harvest is already underway. From a distance, it looks like a familiar ritual, hands moving through branches, baskets filling with red cherries. Up close, it feels like a gamble against the sky.

This is Panama’s Geisha country, the narrow strip of altitude where a global luxury product still begins as fruit that can split open if it rains at the wrong moment. In 2025, a 20-kilogram lot sold for a world-record $30,204 per kilogram at the annual Best of Panama (BOP) auction, purchased by Julith Coffee of Dubai, according to the text. The number traveled far beyond coffee circles: it became a national headline, a symbol that a small country can dominate a global niche through obsessive quality.

Now the producers are chasing something harder than a record: consistency. In interviews with EFE, Ricardo Koyner, president of the Specialty Coffee Association of Panama (SCAP), aligns with Rachel Peterson, sales, marketing, and quality control director at Hacienda La Esmeralda, and with producer Wilford Lamastus of Lamastus Family on a key point: they expect this year’s quality to be very high. But the same voices that speak confidently about cup potential speak nervously about the weather.

Rain has become the decisive character in this story. Seasons that used to behave now improvise. Dry periods receive showers. Wet periods pause. And the coffee tree, especially Geisha, famously delicate, responds to those surprises with delays, drops, and losses.

Panama’s Geisha producers prepare a new harvest as erratic weather threatens output. EFE/ Marcelino Rosario

A Cup That Takes Years to Earn

The first lots have not yet reached a tasting table, but producers say the cherries look well developed and mature. The harvest, drying, and fermentation processes are underway, and each lot needs a resting period. The first cups, they say, will reveal themselves toward the end of January, a moment treated in these mountains almost like a verdict.

In the region that produced the record-setting Geishas, a washed Geisha scoring 98 points and a natural Geisha scoring 97 points for the BOP, the beans from Cañas Verdes at Hacienda La Esmeralda will be harvested in February or March, Rachel Peterson told EFE. Last year, those lots were harvested in April, a calendar shift that hints at how unstable the timing has become.

For Wilford Lamastus, altitude is not a romantic detail; it is a technical argument about why the best cups taste the way they do. He points to BOP 2004, when Geisha first appeared on a cupping table, grown at 1,600 meters. By 2025, he said, it was being grown at 2,050 meters, pushing specialty producers higher and higher as they chase the slow maturation that concentrates flavor.

But altitude extracts its own price from the farmer. Lamastus told EFE that when coffee grows this high, production per tree is lower, and in some cases it can take up to seven years for the plant to produce. Geisha, he added, has poor roots and sparse foliage, forcing producers to adapt how they cultivate it, everything from pruning to fertilization, with heavier reliance on organic inputs. In other words, the world’s most expensive coffee is not simply “rare.” It is intentionally made fragile through a style of farming that privileges complexity over volume.

That is why the high prices do not automatically mean easy wealth. The BOP lots are tiny by design. Peterson describes producers preparing from the earliest days of harvest, when the peak generally arrives between January, February, and March, carefully managing picking and processing while experimenting with different methods that create distinct flavor profiles. The science is meticulous, but it still depends on a basic mercy: stable weather.

Koyner emphasizes that BOP is not about moving containers of coffee; it is about presenting a country’s best jewel under a microscope. “In the BOP competition, very small volumes are managed, because each farm delivers its best lot, with quantities of 20 kilograms,” he told EFE. These small lots face intense scrutiny from international judges and a global market that treats a few points on a scoring sheet like destiny. Last year’s exceptional quality, he said, matters beyond the auction because it lifts the entire industry and improves the perception of the Panama name worldwide.

In a region often discussed through migration and macroeconomics, Geisha tells another Latin American story: one of artisan precision, agricultural innovation, and the pursuit of excellence as a form of national identity.

Geisha growers in Panama target record prestige, but climate volatility may cut yields. EFE/ Marcelino Rosario

When Rain Arrives at The Wrong Hour

And yet, the threat now is not a competitor country or a fickle buyer. It is the cloud cover that arrives out of season.

“The problem is that the harvest should happen in summer, mid-December to April, and not when there are rains,” Ricardo Koyner told EFE. If rain falls at this moment, he warned, the fruit can fill with water and fall or split open. The consequences hit quantity and quality at the same time: fewer usable cherries, more defects, and more uncertainty.

Koyner expects a relatively low production in 2025–2026 due to climate issues, estimating a general reduction of 40% to 50% compared with the previous year. Rachel Peterson, speaking from Hacienda La Esmeralda, offered a different but still sobering estimate, calculating the reduction could reach 30%, depending on when the coffee is harvested and whether more rain arrives. Even within the same region, timing has become unpredictable: in one of her farms, the harvest is two weeks earlier than last year.

For Wilford Lamastus, the story is moving in the opposite direction. He said his harvest is delayed by four weeks because of the weather. Then he spoke like a man watching the climate rewrite a life’s calendar. “The rain isn’t the same as before,” he told EFE. “I’ve worked in this for 66 years, and I can tell when it rained more and when it rained less.” This year, he said, the harvest is late at his Elida farm because when the flower was about to become a bean, cloudiness arrived and slowed the process.

In the mountains of Chiriquí, those delays are not just inconveniences. They reshape labor schedules, drying capacity, fermentation timing, and the delicate window in which a rare coffee can become a legendary one. They also expose the deeper truth behind the record price: Geisha is not only a luxury product. It is a climate-sensitive crop that turns national pride into a seasonal risk.

The producers still believe in the cup. They still speak of exceptional quality and a strong competition ahead. But the crown they are defending in Panama is no longer measured only in points and dollars. It is measured in whether the sky will allow the cherries to stay on the branch long enough to become the kind of flavor the world is willing to pay $30,204 per kilogram to taste.

Also Read: Latin America Private Jets Find New Altitudes Beyond Luxury Travel

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