Bangladesh tea prices slide at weekly auction

The average price of Bangladesh teas slid slightly to 99.45 taka ($1.42) per kg at a weekly auction on Tuesday, brokers said.
`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)
Source: Reuters