Bangladesh tea prices rise

Reuters . Dhaka | Update:

Tea prices in Bangladesh rose at the weekly auction for the seventh time in a row due to strong demand for quality leaves amid tight supplies.

Bangladeshi tea fetched an average price of 229.72 taka ($2.79) per kg at the auction on Tuesday, compared with 229.62 taka at the previous sale, the National Brokers said.

There was strong demand and buyers were ready to pay premiums while supplies were lower than in the last sale, it said.

About 10.4 percent of the 2.36 million kg offered at the sole auction centre in Chittagong remained unsold. In the previous auction, 12.8 percent of the 2.78 million kg on offer was unsold.

Bangladesh’s tea production rose nearly 27 percent last year to a record 85 million kg, a harvest that was seen as big enough to make imports unnecessary.

The South Asian country was the world’s fifth-largest tea exporter in the 1990s, but is now a net importer due to a surge in domestic consumption.

Following are the results of the latest auction (figures in

Bangladesh taka per kg):

BROKENS

Bold/Large Brokens 225-230

Medium Brokens 226-230

Small Brokens 227-232

Plain Brokens 170-190

FANNINGS

Best Fannings 230-237

Good Fannings 228-232

Medium Fannings 224-227

Plain Fannings 170-190

DUST

Pekoe Dust not quoted

Red Dust 200-282

Dust 198-288

Churamoni Dust 220-271

   
Editor & publisher: Matiur Rahman.
CA Bhaban, 100 Kazi Nazrul Islam avenue, Karwan Bazar, Dhaka 1215
Phone: 8180078-81, Fax: 9130496, E-mail: info@prothom-alo.info
 
UP