New Delhi, May 3 (Commoditiescontrol): Mentha oil prices demonstrated strength on Friday, registering gains in both the physical market and futures trading. Market analysts attribute this positive movement to the current low stocks of mentha oil, coupled with increased demand at lower levels, providing support to prices.
In Chandausi market, mentha oil prices surged by Rs 4 to reach Rs 1012-1014 per kg, indicating a notable uptick. Similarly, prices in Barabanki market were quoted at Rs 995 per kg, reflecting stability.
At the Multi Commodity Exchange (MCX), the futures contract for May delivery witnessed bullish activity. The contract traded Rs 2 higher at Rs 934.20 per kg, with an open interest of 403 and a volume of 80. Additionally, the May delivery contract traded Rs 1.8 higher at Rs 939.50 per kg, with an open interest reported at 290 and a volume of 18.
Mentha Oil contract for MAY delivery settled at Rs 934.2/quintal showing an rise of Rs 2 over previous close of Rs 932.2/quintal,The contract moved in the range of Rs 928.5-938.6 for the day. Open interest increased by 7 MT to 403 MT, while trading volume decreased by -66 to 80 MT.
Mentha Oil contract for JUNE delivery settled at Rs 939.5/quintal showing an rise of Rs 1.8 over previous close of Rs 937.7/quintal,The contract moved in the range of Rs 935-946.1 for the day. Open interest increased by 6 MT to 290 MT, while trading volume decreased by -17 to 18 MT.
Mentha Oil contract for JUL delivery settled at Rs 950/quintal showing an was simillar of Rs 0 over previous close of Rs 950/quintal,The contract moved in the range of Rs 950-950 for the day. Open interest was simillar by 0 MT to 0 MT, while trading volume was simillar by 0 to 0 MT.
Currently The spread between MAY and JUNE contract is -5.29999999999995 Rs/quintal.
Currently The spread between JUNE and JUL contract is -10.5 Rs/quintal.
Currently The spread between MAY and JUL contract is -15.8 Rs/quintal.
(By Commoditiescontrol Bureau: +91 9820130172)
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