The average price of Bangladeshi teas eased slightly to 194.57 taka ($2.74) per kg on poor quality at the weekly auction on Tuesday, brokers said. Nearly 1.23 million kg were sold, leaving a record 27.18 percent of the offer to be carried back. Bangladeshi buyers including exporters mainly to the Commonwealth of Independent States and Pakistan participated in the auction, held in the country's lone auction centre in the main port city Chittagong.
"Despite a strong demand for good liquoring teas, the sale ended with the biggest withdrawal in the current season as the offer contained mostly end-of-season-type poor leaves," said an official of the National Brokers Limited, the largest tea broking firm in the country.
Different grades were sold between 160 taka and 230 taka per kg in the auction. But in an exclusive sale for well made teas, some 350 kg of Churamoni Dust realised the highest price of 250 taka per kg, followed by another 300 kg of Golden Broken Orange Pekoe at 236 taka per kg. The next auction will be held on Tuesday, January 25, with more than 1.55 million kg on offer.
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