Tea prices in Bangladesh were steady on Tuesday at a weekly auction following sharp rises in the previous week because of demand for quality tea, while the volume sold was down due to the poor quality offered, brokers said. The average price of Bangladeshi tea rose 0.3 percent to 167.24 taka ($2) a kg from the previous sale, said an official at the National Brokers Limited, the country's largest tea broking firm.
Around 1.8 million kg of tea was offered at the country's only auction centre, in the main port city Chittagong, and 22.14 percent was left unsold. That compared with 15.27 percent unsold in the previous auction when the offer was nearly 2 million kg. But more tea remained unsold due to poor quality of the leaf on offer in the auction," the official said.