The average price of Bangladeshi teas fell 3.57 percent to 183.86 taka ($2.58) per kg on poor quality at the weekly auction on Tuesday, brokers said. Nearly 1.29 million kg were sold, leaving a record 38.54 percent of the offer to be taken back into storage by sellers.
Bangladeshi buyers, including exporters mainly to the Commonwealth of Independent States and Pakistan participated in the auction, held in the country's lone auction centre in the main port city Chittagong. Different grades were sold between 120 taka and 243 taka per kg at the auction. The next auction will be held on Tuesday, February 15, with some 2.05 million kg on offer.
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