DHAKA: Tea prices in Bangladesh edged up at the weekly auction on Tuesday on strong demand for quality leaf amid tight supplies. Bangladesh tea fetched an average of 231.99 taka ($2.80) per kg at the auction, the twenty-first of the current marketing season, compared with 231.69 taka in the previous sale.
There was strong demand for quality tea that aided gains in prices, while the total volume on offer was less than last week, National Brokers Ltd said. Nearly 2.4 million kg were offered at the sole auction centre in Chittagong, of which about 5.2 percent went unsold. In the post-Eid holiday auction last week that saw the largest offering of the season so far, 6.7 percent of the 2.51 million kg on offer went unsold. Bangladesh has moved from being a net exporter to a net importer of tea due to rising consumption.
