Spice Market Insights: Mumbai's Current Rates

The current prices in Mumbai's spice market highlight the costs of black pepper, ginger, copra, and coconut oil. Black pepper is priced between 760 and 850, while unbleached ginger costs 250. Copra rates vary by location, with Alapuzha at 18,000 and Rajapur Mumbai at 24,500.

In Mumbai's bustling spice market, the rate for black pepper ranges from 760 to 850, a price point reflecting its market demand. Both bleached and unbleached ginger also present price variations, with unbleached ginger settling at 250.

Copra prices across different offices show notable differences. Alapuzha's office lists copra at 18,000, while Rajapur Mumbai's rate is significantly higher, at 24,500. Meanwhile, the Kozikode office offers copra at 17,800, serving as a mid-point in the current market landscape.

Coconut oil prices are similarly variable, with Mumbai positioned at 3,000, indicating the flux within the broader commodity market. The diverse pricing strategies reflect regional demand and supply dynamics within the spice trade.

(With inputs from agencies.)