Bangladeshi tea fetched an average of 118.81 taka ($1.50) per kg at the auction, up from 109.66 taka at the previous week’s sale, when prices fell around 20 percent, an official from National Brokers Limited said. More than 2 million kg was offered at the auction centre in Chittagong, and almost 60 percent remained unsold. At the previous auction, 2.4 million kg was offered, of which nearly 62 percent went unsold. “There was good demand for quality tea, which is in short supply,” the official said. Buyers were reluctant to buy end-of-season tea that tends to be of poor quality, he added. The auction season, typic...

Tea prices in Bangladesh plunged for a sixth straight week at a weekly auction on Tuesday, because of larger supplies of end-of-season inferior quality leaf, brokers said. Bangladeshi tea fetched an average of 125.85 taka ($1.6) per kg at the auction, sharply down from 144.19 taka in the previous week's sale, said an official from National Brokers Limited. More than 2.7 million kg was offered at the auction centre in Chittagong, with nearly 54 percent remaining unsold. At the previous auctio...

Tea prices in Bangladesh plunged for a seventh straight week at a weekly auction on Tuesday, dragged down by end-of-season leaf that tends to be of poor quality, brokers said. Bangladeshi tea fetched an average of 144.19 taka ($1.85) per kg at the auction, down from 146.71 taka in the previous week's sale, when prices fell 6.5 percent, said an official from National Brokers Limited. More than 2.68 million kg was offered at the auction centre in Chittagong, with nearly 50 percent remaining un...

Bangladesh will hold two additional tea auctions, extending the season by two weeks, as a large volume of tea remains unsold due to poor quality and a supply glut, brokers said on Thursday. The last auction of the season will now be held on April 15, an official of the National Brokers Limited said after a meeting with the Bangladesh Tea Board. In the latest auction on Wednesday, tea prices fell for a sixth straight week, dragged down by end-of-season leaf that tends to be of poor quality. ...