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Strong demand for primary farmings at tea auction

Star Economic Report
Bold Brokens met with some interest at easier rates but poorer types were much weaker with considerable withdrawals at the weekly tea auction market at Chittagong on Tuesday.
The smaller Brokens and all clean Primary Fannings were in good demand at the sale. Quality of the offerings was mostly end of the season teas.
Unity Brokers Limited in Its market report said that there were 19.657 packages along with 422 packages of new season teas on offer at the auction. Offerings consisted of a large quantity of bold Brokens. Orthodox varieties remained unsold due to lack of interest.
Small grainy varieties were strongly competed for and were generally dearer up to Taka three a kg. But all others were slightly lower with some withdrawals. Bold Brokens were easier within the range' between Taka two and Taka three with selective lines hold-Ing firm. A small weight of clean types fetched between Taka 53 and Taka 59.20 a kg.
There was a stronger demand for Primary Fannings specially cleaner types and sold dearer by Taka two to Taka three a kg. A limited quantity of popular grainy types sold between Taka 57 and Taka 66.50 a kg.
In the dust category. 3f456 packages along with 12 packages of new season teas were offered. Cleaner varieties were often dearer by Taka one or Taka two. Fibrous sorts eased.
Seventy chests of Green tea on offer were withdrawn without bids.
Unity Brokers reported that demand was satisfactory considering the large volume of poor end of season teas and Bold Brokens. Major buyers were Pakistan. Iran. Egypt and the local buyers.
The final auction sale of the season (Sale No 44) will be held on March. 12. Arrivals up lo March 10 will be Included for the sale.
The figures compiled by Unity Brokers showed tlial total sales in weekly auctions al Chtltagong up to Sale number 42 in 1990-91 stood al 41.23 million kgs with an average price at Taka 49.53 a kg. The comparative figures in 1989-90 were 33.71 million kgs at an average price of Taka 48.90 a kg.
Another report said Trading Corporation of Bangladesh (TCB) has concluded a Special Trading Agreement (STA) with Toron Group Ltd. (TGL) of London worth ten million US dollars. Among the exportable items under this STA. 10 per cent or one million dollars has been reserved for tea. The STA will remain valid until August 20. 1991. The transactions of TCB and TGL will be handled by Sonali Bank. Dhaka and Australia and New Zealand Banking Group Ltd (ANZ).