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UPDATE 1-Bangladesh tea prices and sales down ahead of elections
December 31, 2013 / 2:27 PM / in 4 years

UPDATE 1-Bangladesh tea prices and sales down ahead of elections

(Adds table)
    DHAKA, Dec 31 (Reuters) - Tea prices in Bangladesh fell and
sales dipped at a weekly auction on Tuesday ahead of elections
on Jan. 5 which the main opposition has boycotted.
    At the latest auction, Bangladeshi tea fetched an average of
191.64 taka ($2.50) per kg against 193.98 taka in the previous
auction held on Dec. 24, an official from National Brokers Ltd
    Nearly 2 million kg of tea was offered at the auction centre
in Chittagong, with 27 percent remaining unsold. Almost the same
volume was offered and 11 percent went unsold at the previous
    Rolling violent protests, shutdowns and transport blockades
staged by the opposition to thwart the elections have crippled
economic activity and forced the postponement of the tea auction
on Dec. 3. 
    The South Asian country produces 60 million kg of tea a year
against demand of 56 million. 
 Bold/Large Brokens                170-177
 Medium Brokens                    177-185
 Small Brokens                     185-195
 Plain Brokens                     155-165
 Best Fannings                     200-204
 Good Fannings                     190-196 
 Medium Fannings                   182-188
 Plain Fannings                    155-165
 Pekoe Dust                      Not quoted
 Red Dust                          175-214
 Dust                              172-214
 Churamoni Dust                    180-247

 (Reporting by Ruma Paul; Editing by Anthony Barker)

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