Copra drops on reduced demand

Copra prices dropped at the spices market here today due to heavy unwinding from stockist and retailer amidst higher arrivals.
While, black pepper, ginger bleached and unbleached ruled steady in the absence of any worthwhile buying.
Copra edible dipped by Rs 250 per quintal to Rs 9,400 from Tuesday's closing level of Rs 9.650.
Copra Rajapur slipped by Rs 200 per quintal to Rs 9,600 from Rs 9,800.
Copra office Alapuzha and copra Kozhikode declined by Rs 100 per quintal each to Rs 8,000 and Rs 7,900 as against Rs 8,100 and Rs 8,000 yesterday.
Following are today's closing rates in Rs with previous rates in brackets:

Black pepper (per kg) 541/591 (541/591), ginger bleached (per kg) 210 (210), ginger unbleached (per kg) 220 (220), copra office Alapuzha (per quintal) 8,000 (8,100), copra office Kozhikode (per quintal) 7,900 (8,000), copra Rajapur Mumbai (per quintal) 9,600 (9,800), Copra edible Mumbai (per quintal) 9,400 (9,650).