Login ID:
Password:
Partner Login
Contact Us : 7066511911

Spot Mentha Weakens On Lacklustre Seasonal Demand

23 Jan 2020 7:38 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

NEW DELHI (Commoditiescontrol) - Spot mentha oil prices moved lower at key markets of Uttar Pradesh on Thursday as seasonal demand have started waning at the fag-end of the winter season.

Mentha oil prices in Chandausi, Sambhal and Rampur quoted at Rs 1,340/kg, Rs 1,360/kg and Rs 1,320/kg, respectively.

At the Multi Commodity Exchange (MCX), mentha oil contract for delivery in January ended lower by Rs 10 or 0.81 percent at Rs 1,219.50 per kg after moving in the range of Rs 1,240 and Rs 1,229.50 per kg.

Meanwhile, the market is optimistic about the new sowing season, which will commence next month. This is because farmers are getting good returns of almost double the cost of production. Also, there has been a shift in their preference from traditional crops to mentha due to attractive returns. Madhya Pradesh is one such state where farmers have started growing mentha. At present, new crop arrivals are coming from the state.

However, the crop being smaller than the traditional mentha-growing states -- Uttar Pradesh -- the impact on prices is negligible.


       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   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
MARKET SNAPSHOT FEBRUARY 14
MARKET SNAPSHOT FEBRUARY 13
India's IIP Growth Contracts 0.3% In December
MARKET SNAPSHOT FEBRUARY 11
more
Top 5 News
Canada Green Pea Continues Upward Rally in Mumbai
Burma Tur Settles Higher In Mumbai Amid Millers’ Buying...
Urad/Tur/Moong Move Higher In Delhi, Canada Masoor Weak...
Punjab Sugar Mill Prices – 15 February 2020
Balance Stock Of Pulses Under PSS With NAFED As On 13 F...
Top 5 Special Reports
Weekly: ICE Sugar Slips Under Liquidation Pressure; Mkt...
Weekly: ICE Cotton Loses Last Week’s Gain As Experts W...
Weekly: Green-White Pea, Urad Prices Skyrocket This Wee...
Canadian 2019-20 Pea Exports To India May Fall To 0.2 M...
Chana Indore(katewala) Spot - Poised for a Bounce from ...
Copyright © CC Commodity Info Services LLP. All rights reserved.