Tea Market Bangladesh : Upgrowing Domestic Demand.

Tea was the 2nd largest export item of Bangladesh, Having the world wide demand of bangladesh tea Bangladesh is still in unique position. To procure the resource of tea more effectively it is to noticed and focused.The average price of Bangladeshi teas rose a fraction to 139.74 taka ($2.02) per kg on higher domestic demand at the weekly auction on Tuesday, brokers said. Nearly 1.51 million kg were sold on average at 139.74 taka per kg, up 0.75 taka from the last sale. Some 11.98 percent of teas on offer remained unsold and were taken back. Buyers for Pakistan and Bangladesh, including exporters mainly to the Commonwealth of Independent States participated in the sale at the auction in the main port city Chittagong. “Though most domestic buyers were active as usual there was only a limited interest from Pakistan and local exporters,” said an executive of the National Brokers Limited, the country’s largest tea broker. Different grades were sold between 95 taka and 188 taka per kg. The next weekly auction will be held on Nov. 10, with an offer of 1.81 million kg. Following are the results of the auction in Bangladesh taka per kg. BROKENS Bold/Large Brokens 128.00 – 135.00 Medium Brokens 132.00 – 136.00 Small Brokens 136.00 – 140.00 Plain Brokens 95.00 – 105.00 FANNINGS Best Fannings 141.00 – 145.00 Good Fannings 138.00 – 140.00 Medium Fannings 134.00 – 137.00 Plain Fannings 105.00 – 120.00 DUST Pekoe Dust 120.00 – 144.00 Red Dust 120.00 – 157.00 Dust 120.00 – 161.00 Churamoni Dust 135.00 – 188.00 ($1 = 69.15 taka)