Bangladesh tea prices fall

Tea prices in Bangladesh declined at a weekly auction on Tuesday, ending a brief rise in the previous session, due to tepid demand from local buyers amid renewed political unrest that disrupted supplies. Demand was less from local buyers as political violence and uncertainties hurt business sentiments while tea volumes were also down this week as transport blockades disrupted supplies, an executive with National Brokers Ltd said.
Bangladeshi tea fetched an average 187.97 taka ($2.40) per kg, compared with 190.61 taka at the previous sale, he said. About 1.73 million kg was offered at the sole auction centre in Chittagong, of which 37 percent remained unsold. In the previous auction, about 1.76 million kg was offered, with nearly 24 percent remaining unsold.