Commodities:  Oil & Oilseeds Feed & Meal Grains Pulses Spices Sugar & Gur Fibre Plantation Others
You Are Here: Home > Commodities > Plantation > More News
Articles
More Articles...
Bangladesh tea prices rally for second week

Bangladesh tea prices rally for second week

Nov 09, 2017

 

Tea prices in Bangladesh rose at the weekly auction for a second straight session, owing to robust winter demand and tight supplies.Bangladeshi tea fetched an average price of 236.72 taka ($2.80) per kg at the auction on Tuesday, compared with 235.19 taka at the previous sale, the National Brokers said.There was strong demand as buyers wanted to stock up for the winter season while the volume on offer was lower than last week, a senior official with the National Brokers said.

 

Demand for tea rises in Bangladesh usually rises in winter.About 14.8 percent of the 2.55 million kg offered at the sole auction centre in Chittagong remained unsold. In the previous auction, 10.2 percent of the 2.58 million kg on offer was unsold.Bangladesh’s tea production rose nearly 27 percent last year to a record 85 million kg, a harvest that was seen as big enough to make imports unnecessary.The South Asian country was the world’s fifth-largest tea exporter in the 1990s, but is now a net importer due to a surge in domestic consumption.

 

Following are the results of the latest auction (figures in

 

Bangladesh taka per kg):

 

BROKENS

 

Bold/Large Brokens 233-238

 

Medium Brokens 234-239

 

Small Brokens 235-240

 

Plain Brokens 160-185

 

FANNINGS

 

Best Fannings 242-247

 

Good Fannings 237-240

 

Medium Fannings 230-234

 

Plain Fannings 160-185

 

DUST

 

Pekoe Dust not quoted

 

Red Dust 195-300

 

Dust 198-292

 

Churamoni Dust 185-290

 

 

 

($1 = 80.7800 taka)

 

Source: http://en.prothom-alo.com

Prices
Tuesday, November 14, 2017
ExchangeCommodityContractOpenHighLowClose
NMCERubberNov1712500126001250012571
More Futures prices..
Spot Market Review