Copra rallies on strong demand, ginger declines

Mumbai, Feb 2 (PTI) Copra Rajapur and and copra edibleprices shotup at the spices market here today on emergenceof hectic buying by stockists and retailers in view offorthcoming festivities.

Elesewhere, copra Kozhikode and copra Alapuzha rosefurther owing to steady domestic demand amidst firm offtakefrom millers.

"Apart from forthcoming festivities and marriage demand,delay in arrival of new stocks is causing price rise," traderssaid.

Meanwhile, both the ginger varities declined due tosubdued retail buying coupled with higher arrivals.

Copra Rajapur Mumbai and copra edible Mumbai surged byRs 200 per quintal each to Rs 8,500 and Rs 7,900 fromTuesday''s closing level of Rs 8,300 and Rs 7,700.

Copra office Kozhikode hardened by Rs 125 per quintalto Rs 6,425 from Rs 6,300 and copra office Alapuzha alsogained by Rs 50 per quintal to Rs 6,600 as against Rs 6,550yesterday.

However, ginger bleacbed fell by Rs 19 per kg to Rs 201from yesterday''s closing level of Rs 220 and ginger unbleachedmoved down by Rs 9 per kg to Rs 231 as compared to Rs 240.

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

Black pepper (per kg) 235/249 (235/249), ginger bleached(per kg) 201 (220), ginger unbleached (per kg) 231 (240),copra office Alapuzha (per quintal) 6,600 (6,550), copraoffice Kozhikode (per quintal) 6,425 (6,300), copra RajapurMumbai (per quintal) 8,500 (8,300) and copra edible Mumbai(per quintal) 7,900 (7,700).

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