New Delhi, March 5 (Commoditiescontrol): Mentha oil prices continued to rise in the physical market on Tuesday, while futures witnessed a minor decline. Spot prices maintained their firmness due to low existing stocks and expectations of reduced acreage during the ongoing sowing season. Sowing activities have initiated in some regions of Uttar Pradesh, but the pace is reportedly slow. According to sources, mentha crop sowing is expected to gain momentum after the completion of the potato harvesting season.
In Chandausi market, spot prices of mentha oil rose by Rs 2, reaching Rs 1016-1018 per kg. Similarly, prices in the Barabanki market experienced a rise of Rs 5, reaching Rs 995 per kg.
At the Multi Commodity Exchange (MCX), the benchmark contract of Mentha oil for delivery in March was trading Rs 1.10 lower at Rs 930 per kg. The open interest stood at 618, with a volume of 161.
Mentha Oil contract for MAR delivery settled at Rs 930/quintal showing an fall of Rs -1.1 over previous close of Rs 931.1/quintal,The contract moved in the range of Rs 925.1-936 for the day. Open interest decreased by -22 MT to 618 MT, while trading volume decreased by -100 to 161 MT.
Mentha Oil contract for MAR delivery settled at Rs 930/quintal showing an fall of Rs -1.1 over previous close of Rs 931.1/quintal,The contract moved in the range of Rs 925.1-936 for the day. Open interest decreased by -22 MT to 618 MT, while trading volume decreased by -100 to 161 MT.
Mentha Oil contract for MAR delivery settled at Rs 930/quintal showing an fall of Rs -1.1 over previous close of Rs 931.1/quintal,The contract moved in the range of Rs 925.1-936 for the day. Open interest decreased by -22 MT to 618 MT, while trading volume decreased by -100 to 161 MT.
Currently The spread between MAR and MAR contract is 0 Rs/quintal.
Currently The spread between MAR and MAR contract is 0 Rs/quintal.
Currently The spread between MAR and MAR contract is 0 Rs/quintal.
(By Commoditiescontrol Bureau: +91 9820130172)
0 Comments 
Post Comment 
