New Delhi, April 19 (Commoditiescontrol): Mentha oil prices continued their downward trend on Friday amidst lacklustre demand. Both the physical market and futures witnessed a decline in mentha oil prices. The market saw further weakness due to expectations of improved crop conditions, with this year's mentha acreage surpassing expectations.
Additionally, the availability of cheaper synthetic mint products has dampened demand for natural produce. According to a trade analyst, local industrial buying and export demand for natural Indian produce remain very poor.
In Chandausi market, mentha oil prices were quoted at Rs 1008-1010 per kg, while in Barabanki market, prices stood at Rs 978 per kg.
At the Multi Commodity Exchange (MCX), the benchmark contract for Mentha oil delivery in April was trading Rs 7.8 lower at Rs 892.1 per kg, with an open interest of 405 and a volume of 172.
Mentha Oil contract for APR delivery settled at Rs 892.1/quintal showing an fall of Rs -7.8 over previous close of Rs 899.9/quintal,The contract moved in the range of Rs 884.5-900 for the day. Open interest decreased by -8 MT to 405 MT, while trading volume increased by 75 to 172 MT.
Mentha Oil contract for MAY delivery settled at Rs 905/quintal showing an fall of Rs -6.3 over previous close of Rs 911.3/quintal,The contract moved in the range of Rs 900.9-913.3 for the day. Open interest increased by 26 MT to 188 MT, while trading volume increased by 46 to 64 MT.
Mentha Oil contract for JUNE delivery settled at Rs 906/quintal showing an fall of Rs -3.8 over previous close of Rs 909.8/quintal,The contract moved in the range of Rs 900.1-912.9 for the day. Open interest increased by 19 MT to 162 MT, while trading volume increased by 14 to 58 MT.
Currently The spread between APR and MAY contract is -12.9 Rs/quintal.
Currently The spread between MAY and JUNE contract is -1 Rs/quintal.
Currently The spread between APR and JUNE contract is -13.9 Rs/quintal.
.jpeg)
(By Commoditiescontrol Bureau: +91 9820130172)
0 Comments 
Post Comment 
