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Tea prices flat, sales drop

News Desk |
Update: 2013-09-18 06:08:53
Tea prices flat, sales drop

DHAKA: Tea prices showed a little change at a weekly auction on Tuesday due to weak demand from local buyers, as sales volume also dropped in spite of a fall in supplies.
   
The average price of tea was Tk 195.08 ($2) per kg against Tk 195.22 in the previous sales, said an official of National Brokers Limited.

Nearly 2.1 million kg of tea was offered in a Chittagong auction centre, with 32 percent remaining unsold.

In a previous auction 2.3 million kg tea was offered and 14 percent remained unsold.
   
National Brokers said, “The market opened on a fairly high note on better liquoring types but demand slackened towards the end and a large amount of tea was withdrawn.”
    
Bangladesh produces around 60 million kg of tea a year against an internal demand of 56 million kg.

BDST: 1531 HRS, SEP 18, 2013
SR/AKA/GCP

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