Copra Rajapur declines on sluggish demand

Copra Rajapur prices dropped at the spices market here today due to subuded demand from stockists as well as lower export offtake.

Meanwhile, copra Kozhikode firmed up on better retail buying amidst good demand from millers.   

Copra Rajapur Mumbai declined by Rs 100 per quintal to Rs 8,400 from last weekend's closing level of Rs 8,500. 

However, copra office Kozhikode gained by Rs 50 per quintal to Rs 6,200, as against Rs 6,150 last weekend.

Other spices closed stable in the absence of necessary buying support.

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

Black pepper (per kg) 235/249 (235/249), ginger bleached (per kg) 220 (220), ginger unbleached (per kg) 240 (240), copra office Alapuzha (per quintal) 6,450 (6,450)

copra office Kozhikode (per quintal) 6,200 (6,150), copra Rajapur Mumbai (per quintal) 8,400 (8,500) and copra edible Mumbai (per quintal) 7,800 (7,800)