Bangladesh tea prices fall

Tea prices in Bangladesh eased for the fifth successive weekly auction on Tuesday as demand from buyers was subdued amid ample supply, brokers said. The average price of Bangladeshi tea edged down to 155.21 taka ($2.06) per kg against 161.06 taka at the previous weekly auction, said an official at the National Brokers Limited, the largest tea broking firm in the country.
Nearly 2.3 million kg of tea was offered at the country's only auction center, in the main port city Chittagong, with 22.98 percent left unsold compared with last week's 17.59 percent unsold when the offer was almost the same. The next auction will be held on next Tuesday, October 18 with an offer of more than 2.2 million kg.