New Delhi, February 28 (Commodities Control): Mentha oil prices remained largely unchanged in the spot market on Wednesday, while futures experienced a decline due to profit-booking activities. The industrial demand for mentha oil is anticipated to rise in the upcoming days, driven by increased consumption demand from the Fast-Moving Consumer Goods (FMCG) industry during the summer season, according to market analysts.
In Chandausi market, mentha oil prices were nearly flat at Rs 1005-1007 per kg. Meanwhile, prices of mentha oil stood at Rs 977 per kg in the Barabanki market.
However, in the futures market, the benchmark contract of Mentha oil for delivery in March witnessed a decline of Rs 4.8, trading at Rs 919.1 per kg on the Multi Commodity Exchange (MCX). The open interest for this contract was reported at 636, with a trading volume of 83.
Overall, the anticipated rise in industrial demand, particularly from the FMCG sector during the summer, may influence the overall mentha oil market in the days ahead.
Mentha Oil contract for FEB delivery settled at Rs 913.2/quintal showing an was simillar of Rs 0 over previous close of Rs 913.2/quintal,The contract moved in the range of Rs 913.2-913.2 for the day. Open interest was simillar by 0 MT to 155 MT, while trading volume was simillar by 0 to 0 MT.
Mentha Oil contract for MAR delivery settled at Rs 919.1/quintal showing an fall of Rs -4.8 over previous close of Rs 923.9/quintal,The contract moved in the range of Rs 917.1-928.9 for the day. Open interest decreased by -2 MT to 636 MT, while trading volume decreased by -25 to 83 MT.
Mentha Oil contract for MAR delivery settled at Rs 919.1/quintal showing an fall of Rs -4.8 over previous close of Rs 923.9/quintal,The contract moved in the range of Rs 917.1-928.9 for the day. Open interest decreased by -2 MT to 636 MT, while trading volume decreased by -25 to 83 MT.
Currently The spread between FEB and MAR contract is -5.89999999999998 Rs/quintal
Currently The spread between MAR and MAR contract is 0 Rs/quintal.
Currently The spread between FEB and MAR contract is -5.89999999999998 Rs/quintal.
(By Commoditiescontrol Bureau: +91 9820130172)
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