Mentha Oil Prices Continue Decline Amid Weak Demand

Mumbai, March 20 (CommoditiesControl): Mentha oil prices extended downward trend on Wednesday, driven by sluggish demand coupled with subdued supplies. The prevailing market conditions indicate negligible stocks of mentha oil, with tepid demand observed both domestically and in overseas markets.

In the key market of Chandausi, mentha oil prices were quoted at Rs 1026-1028 per kg, reflecting a decline from previous levels. Similarly, prices in Barabanki witnessed a downturn, with mentha oil quoted at Rs 992 per kg, marking a decrease of Rs 3.

At the MCX, the benchmark contract of Mentha oil for delivery in March recorded a decline of Rs 9.7, trading at Rs 917.6 per kg. The open interest stood at 241, with a volume of 213, underscoring the prevailing bearish sentiment in the market.

Mentha Oil contract for MAR delivery settled at Rs 917.6/quintal showing an fall of Rs -9.7 over previous close of Rs 927.3/quintal,The contract moved in the range of Rs 917.5-928.9 for the day. Open interest decreased by -126 MT to 241 MT, while trading volume increased by 59 to 213 MT.
Mentha Oil contract for MAR delivery settled at Rs 917.6/quintal showing an fall of Rs -9.7 over previous close of Rs 927.3/quintal,The contract moved in the range of Rs 917.5-928.9 for the day. Open interest decreased by -126 MT to 241 MT, while trading volume increased by 59 to 213 MT.

Mentha Oil contract for MAR delivery settled at Rs 917.6/quintal showing an fall of Rs -9.7 over previous close of Rs 927.3/quintal,The contract moved in the range of Rs 917.5-928.9 for the day. Open interest decreased by -126 MT to 241 MT, while trading volume increased by 59 to 213 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)