Bangladesh tea prices decline

Tea prices in Bangladesh dipped in a second consecutive weekly auction due to poor quality end-of-season varieties on offer in the last sale of the marketing year, brokers said. The average price of Bangladeshi tea dropped to 103.41 taka ($1.25) a kg from 142.40 taka a kg in the previous sale, said an official at National Brokers Limited, the country’s largest tea broking firm. Around 1 million kg of tea was offered at Bangladesh’s auction centre in Chittagong, and 37.3 per cent was left unsold. That compared with 27.51 per cent unsold in the previous auction, when the offer was nearly 837,000 kg of tea.