Bangladesh tea prices fall

Tea prices in Bangladesh inched down at a weekly auction on Tuesday on an improvement in supplies, though strong demand limited the drop, brokers said. The average price of Bangladeshi tea was 211.16 taka ($2.6) a kg against 211.27 taka per kg at the previous sale a week ago, an official at National Brokers Limited, the country's largest tea broking firm, said.
More than 1.91 million kg of tea was offered at Bangladesh's sole auction centre in Chittagong, and 2.24 percent was left unsold. That compared with 2.58 percent unsold in the previous auction, when the offered volumes were 1.59 million kg. "A larger weight of tea was on offer which witnessed a strong demand whereby most teas were fully firm to slightly dearer particularly the good liquoring varieties," National Brokers said in its market report.