Bangladesh tea prices slide at weekly auction

"Some 994,686 kg were sold at an average price of 99.45 taka per kg, down 0.19 taka from the last sale. The withdrawal percentage was 1.76," said an official of the National Brokers Limited, the country's largest tea broker.

Buyers from Pakistan and Bangladesh participated in the auction that sold different grades between 85 taka to 140 taka per kg.

"Despite a strong demand the average price fell slightly because the bulk of Dust grades declined," an auctioneer said.

The next weekly auction will be held on June 27 with an expected offering of nearly 1.0 million.

Following are the results of the latest auction in Bangladesh taka per kg.

BROKENS

 Bold/Large Brokens           86.00 -  94.00

 Medium Brokens               94.00 -  99.00

 Small Brokens                98.00 - 104.00

 Plain Brokens                85.00 -  95.00

 FANNINGS

 Best Fannings               102.00 - 105.00

 Good Fannings                98.00 - 100.00

 Medium Fannings              95.00 -  97.00

 Plain Fannings               90.00 -  94.00

 DUST

 Pekoe Dust                   85.00 - 100.00

 Red Dust                     90.00 - 114.00

 Dust                         90.00 - 110.00

 Churamoni Dust               90.00 - 140.00

(US$1 = 69.66 taka)