Tea prices in Bangladesh fell for a fifth straight week at a weekly auction on Tuesday amid a larger supply of low-grade leaf while the volumes offered were the highest for the season so far, brokers said.
Bangladeshi tea fetched an average of 157.02 taka ($2.01) per kg against 160.26 taka in the previous week's auction, when prices fell 2 percent, an official from National Brokers Limited said.
Around 3.50 million kg of tea was offered at the auction centre in Chittagong, with almost 70 percent remaining unsold. At the previous auction, nearly 3.3...
Tea prices in Bangladesh fell nearly 11 percent at an auction on Tuesday as the volumes offered were the highest for the season so far and included a higher percentage of low-grade leaf, brokers said.
At the latest auction, Bangladeshi tea fetched an average of 160.26 taka ($2.06) per kg against 180.03 taka in the previous week’s auction, when prices fell 2 percent, an official from National Brokers Limited said.
More than 3.33 million kg of tea was offered at the auction centre in Chittagong, with almost 63...
Trading firm Glencore has won a tender to supply 50,000 tonnes of wheat to Bangladesh after submitting the lowest offer at $303 a tonne including CIF liner out, an official at the state grains purchasing agency said on Monday.
This was the lowest price it has paid in tenders for wheat in the current financial year that began in July 2013.
The source of the wheat would be India, market insiders said, as it is competitive with rival supplies from the Black Sea region.
Such imports are crucial for the South Asian nation to feed its poor and keep domest...
Rates supplied by the Bangladesh Jute Association
JUTE
VARIETY BALES FOB Narayanganj
(One bale = 180 kg) (Taka per bale)
Ready Position (in taka) Bangla white special (BW special) 12,800 Bangla white A (BWA) 12,500 Bangla white B (BWB) 11,600 Bangla white C (BWC) 10,100 Bangla white D (BWD) 9,650 Bangla white E (BWE) 9,200 Bangla tossa special (BTS) 13,100 Bangla tossa A (BTA) 13,800 Bangla tossa B (BTB) 11,900 Bangla tossa C (BTC) 10,400 Bangla tossa D (BTD) 9,950 Bangla tossa E (BTE...
Bangladesh Petroleum Corporation (BPC) will issue a tender to sell 170,000 barrels of naphtha for March 12-14 loading from Chittagong, a company official said on Monday.
The tender, which is likely to be issued this week, will close on Feb. 24, with validity up to March 2.
State-owned BPC resumed exports of naphtha in November after a four-month hiatus for maintenance and repairs at its sole refinery.
It last sold a same-size cargo to Japanese trading firm Itochu in mid-January at a disc...
Bangladesh will take advantage of a slump in global prices for wheat by speeding up imports to build state reserves, and soon plans to issue tenders for 100,000 tonnes of the grain, a top procurement official said on Monday.
Such imports are crucial for the South Asian nation to feed its poor and keep domestic prices stable at a time when political turmoil has hit supply chains and government reserves are at five-year lows.
“We are soon going to issue tenders to import 100,000 tonnes of wheat,” Mohammad Badrul Hassan, procurement director in the Directorate General of Food, told Reuters.
“The food scenario is not like that in 2008 when wheat and rice prices surged to record highs ... We can import grain at reasonable pri...
Around 3.50 million kg of tea was offered at the auction centre in Chittagong, with almost 70 percent remaining unsold. At the previous auction, nearly 3.3...
