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Copra strengthens on rising demand

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Press Trust of India Mumbai
Last Updated : Jan 20 2013 | 1:24 AM IST

Copra prices rallied further at the spices market here today on the back of sustained demand from stockists and bulk traders coupled with strong retail buying.

Copra Rajapur Mumbai, copra edible Mumbai and copra office Alapuzha, all hardened by Rs 100 per quintal each to Rs 7,000, Rs 5,900 and Rs 5,050 from Tuesday's closing level of Rs 6,900, Rs 5,800 and Rs 4,950 respectively.

Copra office Kozhikode also firmed up by Rs 50 per quintal to Rs 4,900, as against Rs 4,850 yesterday.

Meanwhile, black pepper, ginger bleachead and unbleached continued to trade stable in the absence of necessary buying.

The following are today's closing rates in rupees, with the previous rates in brackets:

Black pepper (per kilo) 201/221 (201/221), ginger bleached (per kilo) 230 (230), ginger unbleached (per kilo) 245 (245), copra office Alapuzha (per quintal) 5,050 (4,950)

More From This Section

copra office Kozhikode (per quintal) 4,900 (4,850), copra Rajapur Mumbai (per quintal) 7,000 (6,900) and copra edible Mumbai (per quintal) 5,900 (5,800)

tags - copra prices,  copra futures, Multi Commodity Exchange counter, commodities market, MCX, spot market

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First Published: Oct 27 2010 | 4:12 PM IST

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