Select copra rallies on sustained stockists demand

Copra Alapuzha, copra Kozhikode and copra edible prices surged at the spices market here today on persistent buying by stockists coupled with rising domestic demand.

Restricted arrivals from producing belts and ongoing festive demand are the other key factors behind the spurt in copra prices, traders said.

Copra office Alapuzha hardened by Rs 200 per quintal to Rs 4,800 from Wednesday's closing level of Rs 4,600.

Copra office Kozhikode and copra edible Mumbai also rose by Rs 100 per quintal each to Rs 4,600 and Rs 5,600, as against Rs 4,500 and Rs 5,500 yesterday.

Other spices closed stable. Following are today's closing rates in rupees, with the previous rates in brackets: 

Black Pepper (per kilo) 211/225 (211/225), ginger bleached (per kilo) 235 (235), ginger unbleached (per kilo) 250 (250), copra office Alapuzha (per quintal) 4,800 (4,600)

copra office Kozhikode (per quintal) 4,600 (4,500), copra Rajapur Mumbai (per quintal) 6,600 (6,600) and copra edible Mumbai (per quintal) 5,600 (5,500)