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Copra drops on sluggish demand, pepper edges up

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Press Trust of India Mumbai

Copra prices dropped at the spices market here today due to sluggish domestic and export demand amid lower offtake from millers. While, black pepper moved up slightly on better retail buying. 

Copra office Alapuzha slid by Rs 150 per quintal to Rs 6,550 from Wednesday's closing level of Rs 6,700.

Copra Rajapur Mumbai and copra edible Mumbai both dipped by Rs 100 per quintal to Rs 9,600 and Rs 7,800, respectively, as compared to Rs 9,700 and Rs 7,900 previously.  

Copra office Kozhikode also fell Rs 50 per quintal to Rs 6,450 from Rs 6,500 yesterday. However, black pepper gained Rs 2 per kilo to Rs 302/321 as against Rs 300/321. 

 

The following are today's closing rates for various spices in rupees, with the previous rate given in brackets: 

Black pepper (per kg) 302/321 (300/321), ginger bleached (per kg) 165 (165), ginger unbleached (per kg) 180 (180), copra office Alapuzha (per quintal) 6,550 (6,700)

copra office Kozhikode (per quintal) 6,450 (6,500), copra Rajapur Mumbai (per quintal) 9,600 (9,700) and copra edible Mumbai (per quintal) 7,800 (7,900)

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First Published: Aug 11 2011 | 4:39 PM IST

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