Select copra drops on sluggish demand, higher arrivals

Prices of copra Rajapur and copra edible fell sharply at the spices market here today due to reduced offtake by stockists and millers in the face of adequate stocks availability.
Meanwhile, rest all others spices held steady in the absence of necessary buying support.
Copra Rajapur Mumbai plunged by Rs 500 per quintal to Rs 17,500 from last Saturday's closing level of Rs 18,000 and copra edible Mumbai shed by Rs 300 per quintal to Rs 12,500 as compared to Rs 12,800 previously.
Following are today's closing rates (in Rs with previous rates in brackets):
Black pepper (per kg) 680/750 (680/750), ginger bleached (per kg) 180 (180), ginger unbleached (per kg) 200 (200), copra office Alapuzha (per quintal) 10,100 (10,100), copra office Kozhikode (per quintal) 10,000 (10,000), copra Rajapur Mumbai (per quintal) 17,500 (18,000), copra edible Mumbai (per quintal) 12,500 (12,800).