The beans were bought at a hotly contested auction in Panama where 20kg went for around 2.2 million dirhams, or US$600,000.

Interestingly, this comes shortly after another Dubai cafe set a previous record for pricey coffee, suggesting the city may now be the world stage for high-end brews.

See the latest auction and sales results on Fraser Coast for last week. A four-bedroom house in Urangan was the most expensive sale reported on Fraser Coast last week. The property at 9 Sunline Court ...