New Delhi, May 6 (Commoditiescontrol): Today, both the spot market and futures contracts for mentha oil experienced a decline, reflecting subdued activities in the sector. The lacklustre demand for mentha oil can be attributed to the availability of synthetic products at more competitive rates, thereby dampening the market sentiment.
In Chandausi market, mentha oil prices were quoted at Rs 1010-1012 per kg, while in Barabanki, prices stood at Rs 978 per kg.
At the Multi Commodity Exchange (MCX), the futures contracts for mentha oil delivery in May witnessed a decrease of Rs 7.1, trading at Rs 929.10 per kg, with an open interest of 395 and a volume of 57. Similarly, the futures contract for delivery in June also experienced a downturn, trading Rs 4.8 lower at Rs 939.10 per kg, with an open interest of 299 and a volume of 12.
Mentha Oil contract for MAY delivery settled at Rs 929.1/quintal showing an fall of Rs -7.1 over previous close of Rs 936.2/quintal,The contract moved in the range of Rs 929.1-935.9 for the day. Open interest decreased by -8 MT to 395 MT, while trading volume decreased by -23 to 57 MT.
Mentha Oil contract for JUNE delivery settled at Rs 939.1/quintal showing an fall of Rs -4.8 over previous close of Rs 943.9/quintal,The contract moved in the range of Rs 939.1-945 for the day. Open interest increased by 9 MT to 299 MT, while trading volume decreased by -6 to 12 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 -10 Rs/quintal.
Currently The spread between JUNE and JUL contract is -10.9 Rs/quintal.
Currently The spread between MAY and JUL contract is -20.9 Rs/quintal.
(By Commoditiescontrol Bureau: +91 9820130172)
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