The average price of Bangladeshi teas fell 3.0 percent to 165 taka ($2.26) per kg on lower foreign demand at the weekly auction on Tuesday, brokers said. Some 27 percent of the 912,000 kg on offer remained unsold and were taken back to the storage. Bangladeshi buyers, including exporters mainly to the Commonwealth of Independent States and Pakistan participated in the auction, held in the country's lone auction centre in the main port city Chittagong.
Different grades were sold between 142 taka and 241 taka per kg at the auction, in which a small quantity of teas was offered for sale. The next auction will be held on Wednesday, May 18 with another small offer of 803,800 kg.