New Delhi, March 27 (Commoditiescontrol): Mentha oil prices remained largely steady in the spot market, while futures witnessed a decline attributed to profit-booking activities.
Plantation activities for mentha crop are underway in the major producing regions of Uttar Pradesh. However, market reports suggest that the acreage is expected to be lower compared to the previous year, as stated by a trader.
In Chandausi market, mentha oil prices maintained stability, hovering around the range of Rs 1028-1030 per kilogram. Similarly, prices in the Barabanki market were reported flat at Rs 995 per kilogram.
Meanwhile, at the Multi Commodity Exchange (MCX), the benchmark contract for Mentha oil delivery in April experienced a decline of Rs 3.8, trading at Rs 934.70 per kilogram. The contract exhibited an open interest of 570 and a trading volume of 92.
Furthermore, Mentha oil for delivery in March witnessed a decline of Rs 140, trading at Rs 925 per kilogram at MCX. The contract reported an open interest of 15 and a trading volume of 4.
The decline in futures prices can be attributed to profit-booking activities, as traders seek to capitalize on recent price movements.
Mentha Oil contract for MAR delivery settled at Rs 925/quintal showing an fall of Rs -1.4 over previous close of Rs 926.4/quintal,The contract moved in the range of Rs 924-925 for the day. Open interest decreased by -3 MT to 15 MT, while trading volume was simillar by 0 to 4 MT.
Mentha Oil contract for APR delivery settled at Rs 934.7/quintal showing an fall of Rs -3.8 over previous close of Rs 938.5/quintal,The contract moved in the range of Rs 933.1-938.9 for the day. Open interest decreased by -5 MT to 570 MT, while trading volume increased by 22 to 92 MT.
Mentha Oil contract for MAY delivery settled at Rs 934.7/quintal showing an fall of Rs -3.8 over previous close of Rs 938.5/quintal,The contract moved in the range of Rs 933.1-938.9 for the day. Open interest decreased by -5 MT to 570 MT, while trading volume increased by 22 to 92 MT.
Currently The spread between MAR and APR contract is -9.70000000000005 Rs/quintal.
Currently The spread between APR and MAY contract is 0 Rs/quintal.
Currently The spread between MAR and MAY contract is -9.70000000000005 Rs/quintal.
(By Commoditiescontrol Bureau: +91 9820130172)
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