Tea prices in Bangladesh eased at auction for the fourth consecutive week on Tuesday due to ample supplies, brokers said. The average price of Bangladeshi tea was 190.67 taka ($2.30) a kg against 203.49 taka per kg at a sale last week, said an official at the country's largest tea broking firm, National Brokers Limited.
More than 2.1 million kg of tea were offered at Bangladesh's sole auction centre in Chittagong, with 16.30 percent unsold. That compared with 5.92 percent unsold in the previous auction, when 1.88 million kg was offered. "A larger weight of tea was on offer this week and owing to lack of competition, prices declined quite substantially," National Brokers said in a report.
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