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Demand pushes tea prices up

By Staff Correspondent
Improved demand led most tea prices move upwards at this week's auction sale held in Chittagong on Tuesday last.
According to a Unity Brokers market report, Improved all round demand led to mostly dearer rates for all types of teas on offer at the sale.
Better demand for Cannings also led prices to rise above the last rates.
Poland and Russia were active for the bolder brokens. Pakistan lent good support for the tannings at dearer rates. Local traders were active for the good liquoring sorts. Further Improvements arc expected in the coming sales.
Total withdrawals stood at 36 per cent of the net offerings as against 42 per cent at last week's sale.
In the leaf category, a total of 25,045 packages were of-
fered at the sale. The export buyers accounted for 44 per cent of the sale while the local traders purchased 18 per cent and the rest 38 per cent was withdrawn.
In the dust category, a total of 3,863 package were offered at the auction. The Internal buyers purchased 55 per cent while the export buyers bought 21 per cent and the remaining 24 per cent was unsold.
Following is the categorywise market report as pre pared by Unity Brokers:
CTC : Bold brokens were fully firm. Well made small and medium brokens were firm to dearer by over a Taka per kfto-gram. Medium and plainer types were dearer at between Taka one and Taka two per kg while selective lines fetched upto Taka 45.50 per kg.
Good liquoring, well made popular Tannings inclined
sharply and these sold for upto Taka 50.40 per kg. All others often appreciated by Taka one and Taka two per kg. There were some withdrawals where sellers were unwilling to meet the market.
Green tea: 460 packages were offered at the sale. FYHs sold at Taka 50 per kg. YHs at between Taka 51 to Taka 55.70 per kg and Hysons at Taka 40 per kg. Withdrawals were large.
Orthodox: 30 packages of GBOPs sold at Taka 66 per kg.
Ddat: Prices were firm.
Good liquoring, cleaner varieties were often dearer? There were sonic export enquiries.
The next auction sale |No 34) will be held in Chittagong on December 15 and total offerings will consist of about 23,500 packages of leaf and 4,000 packages of dust.