Copra Rajapur drops on weak demand, higher supply

Copra Rajapur prices dropped at the spices market here today due to reduced demand from stockists and retailers coupled with increased arrivals.

Meanwhile, copra Alapuzha rose marginally on stray buying support.

Copra Rajapur Mumbai declined by Rs 100 per quintal to Rs 6,200 from last weekend's closing level of Rs 6,300.

However, copra office Alapuzha moved up by Rs 25 per quintal to Rs 4,075, as against Rs 4,050 last Saturday.

Meanwhile, other spices closed stable in the absence of worthwhile buying activity.

Following are today's closing rates in rupees, with the previous rates in brackets:

Black Pepper (per kilo) 215/225 (215/225), ginger bleached (per kilo) 240 (240), ginger unbleached (per kilo) 255 (255), copra office Alapuzha (per quintal) 4,075 (4,050)

copra office Kozhikode (per quintal) 3,950 (3,950), copra Rajapur Mumbai (per quintal) 6,200 (6,300) and copra edible Mumbai (per quintal) 5,050 (5,050)