New Delhi, March 21 (Commoditiescontrol): Mentha oil prices remained firm on Thursday, contrasting with a downward trend observed in futures trading.
With current stocks of mentha oil at negligible levels and subdued demand both domestically and in overseas markets, spot prices continued to hold ground.
In Chandausi market, mentha oil prices saw a modest increase of Rs 2, reaching Rs 1,028-1,030 per kg. Similarly, in Barabanki, prices rose by Rs 3 to reach Rs 995 per kg.
However, futures contracts for mentha oil showed a downward trend. The benchmark contract for March delivery on the Multi Commodity Exchange (MCX) concluded at Rs 916.3 per kg, marking a decrease of Rs 3.4. The trading session recorded an open interest of 55 and a volume of 216.
Analysts suggest that the contrasting performance between spot and futures markets could be attributed to factors such as supply dynamics, demand outlook, and speculative trading activity. Despite the decline in futures, spot prices remain resilient, indicating underlying support in the market.
Mentha Oil contract for MAR delivery settled at Rs 916.3/quintal showing an fall of Rs -3.4 over previous close of Rs 919.7/quintal,The contract moved in the range of Rs 914.7-931 for the day. Open interest decreased by -186 MT to 55 MT, while trading volume increased by 3 to 216 MT.
Mentha Oil contract for MAR delivery settled at Rs 916.3/quintal showing an fall of Rs -3.4 over previous close of Rs 919.7/quintal,The contract moved in the range of Rs 914.7-931 for the day. Open interest decreased by -186 MT to 55 MT, while trading volume increased by 3 to 216 MT.
Mentha Oil contract for MAR delivery settled at Rs 916.3/quintal showing an fall of Rs -3.4 over previous close of Rs 919.7/quintal,The contract moved in the range of Rs 914.7-931 for the day. Open interest decreased by -186 MT to 55 MT, while trading volume increased by 3 to 216 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)
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