Tea prices in Bangladesh slipped for a second straight week at a weekly auction on Tuesday as demand from local buyers was poor amid political violence, brokers said. The average price of Bangladeshi tea was 200.04 taka ($2.74) per kg against 213.25 taka in the previous auction on November 19, an official from National Brokers Ltd said on Wednesday.
Nearly 2.4 million kg of tea was offered at the country's sole auction centre in Chittagong, with about 21 percent remaining unsold, compared with more than 2.4 million kg offered and 17 percent unsold at the previous auction.
"Offerings continued to be large, but were fairly well absorbed at lower rates," National Brokers said in a market report.