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Commodity

Commodity mixed amid global growth worries

Commodity prices traded mixed this week as dealers reacted to US stimulus expectations amid weaker growth worries across the globe. Raw material futures, which had been falling early in the week, recovered some lost ground after Federal Reserve chief- nominee Janet Yellen defended the US central bank’s $85 billion- a-month bond-buying programme, and rejected suggestions that it had generated fresh bubbles in property or stock markets. commodity-etfThe comments Thursday at her confirmation heari...

Tea prices up for 4th week

Tea prices in Bangladesh rose for a fourth straight week at a weekly auction held on Wednesday as strong demand from local buyers for the winter season offset higher supplies, brokers said. The average price of Bangladeshi tea was 213.25 taka ($2.74) per kg against 209.24 taka in the previous auction on Nov. 6, an official from National Brokers Ltd said on Thursday. teaMore than 2.3 million kg of tea was offered at the country’s sole auction centre in Chittagong, with nearly 17 percent remaining unsold, compared with 2 million kg offered and 15 percen...
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