Wednesday Feb 12, 2025
Thursday, 27 July 2017 01:02 - - {{hitsCtrl.values.hits}}
Dhaka (Reuters): Tea prices in Bangladesh fell for a second straight week amid ample supplies but strong demand for quality leaf prevented a steeper decline.
Bangladeshi tea fetched an average of 215.35 taka ($ 2.65) per kg at the weekly auction on Tuesday, down from 217.26 taka in the previous sale, the National Brokers said.
There was tepid demand from local buyers but strong demand for quality leaf, a senior National Brokers official said.
About 23.2% of the 2.76 million kg offered at the sole auction centre in Chittagong remained unsold. In the previous auction, 16% of the 2.3 million kg on offer was unsold. Bangladesh’s tea output rose nearly 27% last year to a record 85 million kg, a harvest that was seen 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. Bangladeshi buyers have imported tea in bulk from India, Thailand and Malaysia, contributing to a glut in the domestic market and reducing demand at auctions, industry insiders said.
Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.
Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.