Copra prices dropped at the spices market here today on heavy selling by stockists amid subdued domestic as well as export demand.
Copra Rajapur Mumbai and copra Edible Mumbai both went down by Rs 100 per quintal each to Rs 8,700 and Rs 7,700 from Tuesday's closing level of Rs 8,800 and Rs 7,800, respectively.
Copra office Alapuzha and copra office Kozhikode also fell by Rs 50 per quintal each to Rs 6,900 and Rs 6,800, as compared to Rs 6,950 and Rs 6,850 yesterday, respectively.
Black pepper, ginger bleached and unbleached maintained a stable trend in the absence necessary buying support.
Following are today's closing rates in Rs with the previous rates in brackets:
Black pepper (per kg) 303/323 (303/323), ginger bleached (per kg) 175 (175), ginger unbleached (per kg) 205 (205), copra office Alapuzha (per quintal) 6,900 (6,950)
copra office Kozhikode (per quintal) 6,800 (6,850), copra Rajapur Mumbai (per quintal) 8,700 (8,800) and copra edible Mumbai (per quintal) 7,700 (7,800)