Bangladeshi tea prices fall

The average price of Bangladeshi teas fell slightly further on Ramazan austerity at the weekly tea auction on Tuesday, brokers said.
"About 1.09 million kg were sold at an average price of 62.83 taka ($1.06) per kg, down 0.08 taka from previous sale. The withdrawal percentage was 29," a market report by National Brokers Limited (NBL), the country's largest tea broking firm, said.
Buyers from the Commonwealth of Independent States, and Muslim-dominated Pakistan, Afghanistan and Bangladesh, participated in the auction. "This was first sale of Ramazan, and as usual most buyers were less active," Rafay Nizam, a director of NBL said.
Muslims refrain from taking food and drinks during the day in the fasting month of Ramazan. Some 200 kg of well made Golden Broken Orange Pekoe realised the highest price of 110 taka per kg followed by another 200 kg Pekoe Dust at 108 taka per kg.