Copra Rajapur flares up on rising demand amid supply squeeze

Copra Rajapur prices rallied sharply at the spices market here today on the back of heavy buying from stockists and bulk traders amid a slowdown in supplies.
Copra edible also surged owing to robust demand from retail consumers as well as millers.
There has been a sharp spike in demand from upcountry buyers and exports as well as speculators on fears of supply disruptions due to summer shortage which is pushing up the price, a trader commented.
Meanwhile, rest all spices maintained a steady trend in the absence of necessary buyng support.
Copra Rajapur Mumbai jumped by a whopping Rs 2,500 per quintal to finish at Rs 14,000 from Wednesday's closing level of Rs 11,500 and copra edible Mumbai also rose by Rs 400 per quintal to Rs 11,000 as compared with Rs 10,600 previously.

Following are today's closing rates in Rs with previous rates in brackets:
Black pepper (per kg) 580/625 (580/625), ginger bleached (per kg) 285 (285), ginger unbleached (per kg) 300 (300), copra office Alapuzha (per quintal) 9,400 (9,400), copra office Kozhikode (per quintal) 9,300 (9,300), copra Rajapur Mumbai (per quintal) 14,000 (11,000), Copra edible Mumbai (per quintal) 11,000 (10,600).