The average price of Bangladesh teas rose slightly to 1221.01 taka ($1.78) per kg on higher overseas demand at the weekly auction on Tuesday, brokers said. More than 1.20 million kg were sold at 122.01 taka per kg on average, up 0.28 taka from the last sale. The withdrawal percentage was 7.63.
"Afghan and Pakistani buyers operated strongly pulling prices upward," Rafay Nizam, a director of the National Brokers Limited, the country's largest tea broker. Bangladeshi buyers including exporters, mainly for the Commonwealth of Independent States also participated in the auction. Different grades were sold between 95 taka and 146 taka per kg. The next weekly auction will be held on September 9 nearly 1.3 1.3 million kg on offer.