Select copra drops on sluggish demand

Mumbai, Jan 27 (PTI) Select copra prices dropped at thespices market here today due to reduced demand from stockistsand retailers, amid improved arrivals from growing regions.

Meanwhile, black pepper gained marginally on fresh retailbuying.

Copra Rajapur Mumbai plunged by Rs 200 per quintal toRs 8,100 from Tuesday''s closing level of Rs 8,300 and copraedible Mumbai fell by Rs 100 per quintal to Rs 7,700 asagainst Rs 7,800.

However, black pepper edged up by Rs 2 per kilo to Rs235/249 from Rs 233/249 in the previous session.

Other spices closed unaltered in the absence of necessarybuying activity.

Following are today''s closing rates in Rs, with theprevious rates in brackets:

Black pepper (per kg) 235/249 (233/249), ginger bleached(per kg) 220 (220), ginger unbleached (per kg) 240 (240),copra office Alapuzha (per quintal) 6,400 (6,400), copraoffice Kozhikode (per quintal) 6,200 (6,250), copra RajapurMumbai (per quintal) 8,100 (8,300) and copra edible Mumbai(per quintal) 7,700 (7,800).

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