Tea prices in Bangladesh rose for the seventh straight week at the weekly auction on Tuesday amid strong demand in the winter season. Bangladeshi tea fetched an average 192.96 taka ($2.4) per kg compared with 192.04 taka at the previous sale, said an executive with National Brokers Ltd. The price for last week’s auction was revised from 192.15 taka. About 2.3 million kg was offered at the auction centre in Chittagong, of which 17 percent went unsold. In the previous auction, nearly 2.3 million kg was offered, with nearly 15 percent remaining unsold...

Olam International made the lowest offer of $268.47 a tonne to sell 50,000 tonnes of wheat to Bangladesh in a tender, an official from the state grains buyer said on Monday. Five bidders took part in the tender, the second issued by the government’s grain purchasing authority in the current fiscal year which started in July. The offer from the Singapore-based trading firm, which includes freight, insurance and other expenses, was lower than the lowest offer of $270 a tonne from Glencore in the previous tender last month. Olam’s offer will be submitt...

Tea prices in Bangladesh fell for a second straight week at the weekly auction on Wednesday due to higher supplies but strong demand for quality leaf capped the slide and sales rose. [caption id="attachment_10423" align="alignleft" width="300"] Bangladeshi tea fetched an average of 181.37 taka ($2.34) per kg at the auction, down from 185.70 taka at the previous sale held on Oct. 28.[/caption] Bangladeshi tea fetched an average of 181.37 taka ($2.34) per kg at the auction, down from 185.70 taka at the previous sale held on Oct. 28, said an execu...