Login ID:
Partner Login
Contact Us : 7066511911

Spot Mentha Rules Steady In Limited Trade

11 Feb 2019 7:44 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

NEW DELHI (Commoditiescontrol) - Spot mentha oil prices ruled steady at key markets of Uttar Pradesh on Monday in limited trade amid range-bound move in futures.

Overall, sentiments are bullish as delayed sowing in the state is likely to affect the crop yield. Demand from the industry for the coming summer season is also supporting prices.

As per reports, farmers are now worried as untimely rains and inclement weather conditions have dealyed the sowing in key producing belts. The production is likely to be badly affected if weather conditions don't improve in the next few days.

However, concerns over production have somewhat eased as sowing of the spice crop, which was largely concentrated in Barabanki, Sambhal and Chandausi in Uttar Pradesh, spread to Punjab and Haryana a decade ago and is now seen in Bihar and Madhya Pradesh.

Last year mentha oil production was at around 35,000 tonnes.

Mentha oil prices in Chandausi, Sambhal and Rampur quoted at Rs 1,730/kg, Rs 1,740 and Rs 1,650, respectively. While, at the Multi Commodity Exchange (MCX), mentha oil for delivery in February traded steady at Rs 1,584 per kg.

Market was earlier expecting rise in acreage in 2019 due to high returns the commodity gave in the past few years. The commodity offers good value proposition as the cost of production of mentha oil is below Rs 500 a kg, while the spice oil is consistently traded at Rs 1,500-1,800 a kg.

(By Commoditiescontrol Bureau)

  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  

Top | Post Comment  

Latest Market Commentary
Spot Mentha Continues To Remain Stable
Spot Mentha Prices Remain Stable On Demand-Supply Parit...
Spot Mentha Rules Stable Amid Limited Trade
Spot Mentha Edges Higher On Low-Level Buying
Spot Mentha Remains Steady On Limited Buying
Top 5 News
Tocom/ Shangahi Rubber Price (PM)- 26 April 2019
Burma Urad Trades Higher In Kolkata
Maharashtra (Vidharba) Cotton Spot Rates As On 26th Ap...
Bangkok/Kualalumpur Rubber Rates -26 April 2019
Cotton Prices Slightly Firm In North India On Positive ...
Top 5 Special Reports
Technical: Mumbai Matar Canada - Further Rally Above ...
Technical: Mumbai Toor Lemon –Pigeon Pea - Upside mom...
Technical: Chickpea (Chana) Indore
Technical: Pigeon Pea (Tur) Akola Bilty – Expect Ri...
Technical: Chickpea (Chana)- Indore- kabuli 42-44 count...
Copyright © CC Commodity Info Services LLP. All rights reserved.