Select spices drop on stockists selling

Copra Rajapur and copra edible prices fell sharply at the spices market here today due to aggressive selling by stockists and traders coupled with increased arrivals from key producing regions.

Elsewhere, black pepper also declined further on the back of sluggish domestic as well as overseas demand. 

Meanwhile, copra alapuzha firmed up owing to higher retail offtake.

Copra Rajapur Mumbai and copra edible Mumbai both slumped by Rs 200 per quintal each to Rs 8,800 and Rs 8,000 from Thursday's closing level of Rs 9,000 and Rs 8,200, respectively.

Black pepper moved down by Rs 5 per kilo to Rs 295/315 from Rs 300/320 previously.

However, copra office Alapuzha rose by Rs 100 per quintal to Rs 7,000 as compared to Rs 6,900 yesterday. 

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

Black pepper (per kg) 295/315 (300/320), ginger bleached (per kg) 175 (175), ginger unbleached (per kg) 205 (205), copra office Alapuzha (per quintal) 7,000 (6,900)

copra office Kozhikode (per quintal) 6,800 (6,800), copra Rajapur Mumbai (per quintal) 8,800 (9,000) and copra edible Mumbai (per quintal) 8,000 (8,200)