The average price of Bangladeshi teas rose 1.12 percent to 197.53 taka ($2.82) per kg at the weekly auction on Tuesday, brokers said. Nearly 1.8 million kg were sold at the sale, leaving only 1.48 percent of the offer to be carried back. Bangladeshi buyers including exporters mainly to the Commonwealth of Independent States and Pakistan participated in the auction, which was held in the country's lone auction centre in the main port city of Chittagong.
"Strong competition among buyers moved prices in the sellers' favour," said an executive of the National Brokers Limited, the largest tea-broking firm in the country. Different grades were sold between 170 taka and 235 taka per kg in the auction. The next auction will be held on Tuesday, October 5, with some 1.83 million kg on offer.