Select copra rallies on rising demand, supply constraints

Copra Alapuzha, copra Kozhikode and copra edible prices spurted at the spices market here today due to bullish retail as well as ongoing festive demand.

Restricted arrivals from key producing regions also aided the uptrend.

Meanwhile, copra Rajapur declined sharply on the back of heavy offloading by stockists.
    
Copra office Alapuzha and copra office Kozhikode shot-up by Rs 150 per quintal each to Rs 4,350 and Rs 4,250 from last Thursday's closing level of Rs 4,200 and Rs 4,100.
    
Copra edible Mumbai rose by Rs 100 per quintal to Rs 5,400 from Rs 5,300.
    
However, copra Rajpur Mumbai tanked by Rs 300 per quintal to Rs 6,500, as against Rs 6,800 earlier.
    
Other spices closed steady in the absence of necessary buying activity.
    
Following are today's closing rates in rupees, with the previous rates in brackets:
    
Black Pepper (per kilo) 215/225 (215/225), ginger bleached (per kilo) 240 (240), ginger unbleached (per kilo) 255 (255), copra office Alapuzha (per quintal) 4,350 (4,200), copra office Kozhikode (per quintal) 4,250 (4,100), copra Rajapur Mumbai (per quintal) 6,500 (6,800) and copra edible Mumbai (per quintal) 5,400 (5,300).