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Food & Beverage

$300 a cup? China's coffee lovers perk up bean prices

Top Panamanian variety now quadruple 2017's top price at $2,568 per pound

A cup of Geisha coffee, brewed with beans grown in Panama's highlands, costs 36,000 yen a cup. The variety is named after the Gori Gesha forest in Ethiopia.(Photo by Ayaka Funaki)

TOKYO -- In Japan's rarefied world of ultrahigh-end specialty coffee, a savory cup brewed with exquisite Panamanian beans could now fetch 36,000 yen ($313).

The eye-popping price can be attributed in part to the expanding ranks of coffee connoisseurs in neighboring China, whose coffee bean wholesalers are aggressively outbidding their rivals in the international market.   

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