Select copra slides on weak demand

Copra Rajapur and copra edible prices declined further in the spices market here today due to heavy offloading by stockists and traders on the back of lower export demand.

Meanwhile, copra Alapuzha and copra Kozhikode moved up on fresh offtake from millers coupled with good local demand.

Copra Rajapur Mumbai and copra edible Mumbai both fell by Rs 100 per quintal each to Rs 8,800 and Rs 7,800 from its overnight closing of Rs 8,900 and Rs 7,900.  

However, copra office Alapuzha and copra office Kozhikode gained Rs 50 per quintal each to Rs 7,050 and Rs 6,950 respectively, against Rs 7,000 and Rs 6,900 yesterday.

Black pepper, ginger bleached and unbleaced prices were stable in the absence of market-moving factors.

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) 7,050 (7,000)

copra office Kozhikode (per quintal) 6,950 (6,900), copra Rajapur Mumbai (per quintal) 8,800 (8,900) and copra edible Mumbai (per quintal) 7,800 (7,900)