New Delhi, April 2 (Commoditiescontrol): Mentha oil prices experienced a steady to downward trend in the physical market on Tuesday, while futures recorded a drop attributed to profit-booking activities. Reports indicate that the acreage of the mentha crop is expected to remain lower than last year, as the farmers couldn’t get remunerative prices in the last session.
In Chandausi market, mentha oil prices declined by Rs 2, settling at Rs 1026-1028 per kilogram. Conversely, prices remained stable at Rs 1000 per kilogram in the market of Barabanki.
At the Multi Commodity Exchange (MCX), the benchmark contract of mentha oil for delivery in April witnessed a decline of Rs 2.60, trading at Rs 927 per kilogram. The contract recorded an open interest of 561 and a volume of 33.
The downtrend in mentha oil prices can be attributed to profit-booking activities amid market sentiments influenced by lower acreage compared to the previous year.
Mentha Oil contract for APR delivery settled at Rs 927/quintal showing an fall of Rs -2.6 over previous close of Rs 929.6/quintal,The contract moved in the range of Rs 927-932.4 for the day. Open interest was simillar by 0 MT to 561 MT, while trading volume decreased by -101 to 33 MT.
Mentha Oil contract for MAY delivery settled at Rs 935.9/quintal showing an fall of Rs -0.8 over previous close of Rs 936.7/quintal,The contract moved in the range of Rs 933.5-939.9 for the day. Open interest increased by 14 MT to 111 MT, while trading volume increased by 9 to 22 MT.
Mentha Oil contract for JUNE delivery settled at Rs 938/quintal showing an rise of Rs 1.6 over previous close of Rs 936.4/quintal,The contract moved in the range of Rs 935-938 for the day. Open interest was simillar by 0 MT to 80 MT, while trading volume decreased by -5 to 4 MT.
Currently The spread between APR and MAY contract is -8.89999999999998 Rs/quintal.
Currently The spread between MAY and JUNE contract is -2.10000000000002 Rs/quintal.
Currently The spread between APR and JUNE contract is -11 Rs/quintal.
(By Commoditiescontrol Bureau: +91 9820130172)
0 Comments 
Post Comment 
