Greetings From Addis Ababa.
In summary the DST had the following. 16 lots sold (36% of the 44), Top lot $4.02 from Dama Cooperative purchased by Trabocca. Sales totaled over $500,000. Buyers were Royal Inc, Royal NY, Schluter, Trabocca and Intelligentsia.
Over 200 samples were sent out. 13 Cuppers representing distinct buyers participated in 5 rounds of cupping. 11 Buyers were either physically present or represented buy an agent. There were 7 No Sales (seller did not accept the bid) and 21 No Bids (Buyers did not bid).
The buyers and sellers have finalized their contracts which directly reflect the bidding session and now the sellers will retrieve their coffees from the DST warehouses and proceed to process and export the coffees.
DST Round Two will be towards the end of March, and we anticipate a lot more submissions of unwashed coffees (now starting to flow) and much more private farmer participation. The warehouse for DST Round Two has already begun to receive lots.
Every buyer who was here has given great suggestions and indicated they will participate again. My opinion is that while DST might have some slight modifications I think it is here to stay.