Tea prices decline on weak loose buy

Dhaka,  Sun,  20 August 2017
Published : 02 Aug 2017, 22:10:02
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Tea prices decline on weak loose buy

Tea prices witnessed a further fall this week as loose tea buyers operated in lesser strength, says a press release.

Blenders, however, continued to be quite active but were holding lower limits than last while dusts sold well.

CTC Leaf: Some 39,548 packages and 180 packages of old season teas on offer met with a fairly good demand with prices declining further.

Brokens: Bright liquoring BOPs were well sought after and sold well but were generally easier by up to Tk 5. Small brokens met with a fair demand but often declined by up to Tk 7 and more. There were also several withdrawals. Plainer varieties met with fair interest but prices decline by about Tk 4 to Tk 6 with quite a few withdrawals. Poorest types were often difficult of sale.

Fannings: Bright fannings met with a fairly good demand although prices declined by up to Tk 5 to Tk 7 over last. Medium varieties met with slightly more interest and were about steady to easier. Plain types saw fair enquiry but generally sold at easier rates with some withdrawals.

CTC Dust: Some 6,533 packages and 15 packages of old season teas on offer met with a good demand. Good liquoring dust met with better enquiry at firm to slightly dearer rates. Others also sold well at around last levels with only a few withdrawals. Blenders lent good support with fair interest from the loose tea buyers.
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