Select copra plunges on improved supply

Prices of copra Rajapur and Kozhikode plunged at the spices market here today on the back of improved supplies from key growing regions amid reduced offtake by bulk consumers.
Copra edible Mumbai variety, on the other hand, rose due to increased demand from stockists and oil millers.
While, black pepper, ginger, copra Alapuzha all closed at their overnight levels in the absence of any worthwhile buying.
Copra Rajapur Mumbai tanked by Rs 1,000 per quintal to Rs 18,000 from Wednesday's closing level of Rs 19,000 and copra office Kozhikode dropped by Rs 500 per quintal to Rs 11,000 as compared to Rs 11,500 previously.

However, copra edible Mumbai climbed by Rs 200 per quintal to Rs 13,700 as against Rs 13,500 yesterday.
Following are today's closing rates in Rs with previous rates in brackets:
Black pepper (per kg) 770/820 (770/820), ginger bleached (per kg) 350 (350), ginger unbleached (per kg) 370 (370), copra office Alapuzha (per quintal) 12,000 (12,000), copra office Kozhikode (per quintal) 11,000 (11,500), copra Rajapur Mumbai (per quintal) 18,000 (19,000), Copra edible Mumbai (per quintal) 13,700 (13,500).