Tuesday, 11th October , 2016, 06:54 pm,BDST
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Price of tea drops as supply extended



Lastnewsbd, 11th October, Dhaka: Bangladesh tea fetched an average of 220.96 taka ($2.80) per kg at the auction, the 23rd in the current marketing season, down from 229.14 taka at the previous SALE. Tea prices in Bangladesh fell about 3.5 percent at the weekly auction on Tuesday as the volume on OFFER rose to its highest level so far this season amid tepid demand.

There was tepid demand from local buyers while supplies were at their highest level so far this season, an official of the National Brokers said. Nearly 2.58 million kg were offered at the sole auction center in Chittagong, of which about 20 percent went unsold. In the previous auction, about 15 percent of the 2.55 million kg of tea on offer was unsold. Bangladesh has moved from being a net exporter to a net importer of tea due to the rising consumption.

Following are the results of the latest auction (figures in Bangladesh taka per kg):

BROKENS

  1. Bold/Large Brokens                   212-217
  2. Medium Brokens                       214-220
  3. Small Brokens                        217-222
  4. Plain Brokens                        180-190
  5. FANNINGS
  6. Best Fannings                        219-222
  7. Good Fannings                        216-218
  8. Medium Fannings                      213-215
  9. Plain Fannings                       190-205

DUST

  1. Pekoe Dust                           210-230
  2. Red Dust                             195-258
  3. Dust                                 195-246
  4. Churamoni Dust                       194-244
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