Pepper remains weak on poor demand, supply pressure

Black pepper prices declined further at the spices market here today due to reduced offtake by stockists and retailers amid higher arrivals of new crop from producing regions.
Ginger and copra varieties closed at their overnight levels in the absence of any buying support.
Black pepper moved down by Rs 5/3 per kilo to Rs 410/445 from Tuesday's closing level of Rs 415/448.
Following are today's closing rates in Rs with previous rates in brackets:
Black pepper (per kg) 410/445 (415/448), ginger bleached (per kg) 180 (180), ginger unbleached (per kg) 190 (190), copra office Alapuzha (per quintal) 4,800 (4,800), copra office Kozhikode (per quintal) 4,725 (4,725), copra Rajapur Mumbai (per quintal) 6,400 (6,400) Copra edible Mumbai (per quintal) 5,800 (5,800).