Tea prices in Bangladesh edged up at the post-Eid holiday auction on Tuesday on strong demand for all varieties despite this season's highest volume on offer. Bangladesh tea fetched an average of 231.69 taka ($2.80) per kg at the weekly auction, the 20th of the current marketing season, compared with 231.11 taka in the previous sale.
The auction also saw the largest offering of the season so far and this sale took place after the Eid interval, attracting strong demand from all sections of the market, National Brokers Ltd said. More than 2.51 million kg were offered at the sole auction centre in Chittagong, of which about 6.7 percent went unsold. In the previous auction held on September 6, about 7 percent of the 2.29 million kg on offer went unsold. Bangladesh has moved from being a net exporter to a net importer of tea due to rising consumption.
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