Black pepper prices decline on lower demand

MUMBAI: Black pepper prices declined at the spices market here today on subdued demand from stockists as well as reduced offtake from exporters.

Meanwhile, rest of all other spices remained steady due to absences of any worthwhile buying.

Black pepper dropped by Rs 25 to Rs 425/450 per kg from Tuesday's closing level of Rs 450/475.

The following are today's closing rates in rupees with the previous rates in brackets:

Black pepper (per kg) 425/450 (450/475), ginger bleached (per kg) 100 (100), ginger unbleached (per kg) 110 (110), copra office Alapuzha (per quintal) 4,600 (4,600), copra office Kozhikode (per quintal) 4,450 (4,450), copra Rajapur Mumbai (per quintal) 7,200 (7,200) and copra edible Mumbai (per quintal) 5,400 (5,400).