Tea prices in Bangladesh rose 2.61 percent at a weekly auction on Wednesday, after rising 2.42 percent at the previous session, brokers said. The average price of Bangladesh tea rose to 241.08 taka ($3.00) a kg against 234.93 taka per kg the previous week, an official at the country's largest tea broking firm, National Brokers Limited, said.

More than 2.05 million kg of tea were offered at Bangladesh's sole auction centre in Chittagong, with 2.61 percent unsold, compared with 7.77 percent unsold in the previous auction when 1.8 million kg was offered. Around 1.89 million kg will be offered at the next auction on December 26. Tea sold at the Chittagong auction is mostly bought by domestic buyers.

Copyright Reuters, 2012