New Delhi, May 15 (Commoditiescontrol): Mentha oil prices continue to show downward trajectory on Wednesday amidst a prevailing bearish mood. Both physical market rates and futures witnessed declines, reflecting the subdued industrial demand for natural mentha oil. Additionally, reports indicating favorable crop conditions have further subdued market sentiment.
In Chandausi market, mentha oil prices were quoted Rs 2 lower at Rs 1008-1010 per kg. Meanwhile, in the Barabanki market, prices remained unchanged at Rs 978 per kg.
At the Multi Commodity Exchange (MCX), the futures contract for May delivery saw a decline of Rs 5.8, trading at Rs 952 per kg, with open interest recorded at 363 and a trading volume of 49.
Similarly, the futures contract for June delivery witnessed a drop of Rs 5.6, trading at Rs 963 per kg on the MCX, with an open interest of 355 and a trading volume of 22.
Mentha Oil contract for MAY delivery settled at Rs 952/quintal showing an fall of Rs -5.8 over previous close of Rs 957.8/quintal,The contract moved in the range of Rs 949.1-959.9 for the day. Open interest decreased by -3 MT to 363 MT, while trading volume decreased by -27 to 49 MT.
Mentha Oil contract for JUNE delivery settled at Rs 963/quintal showing an fall of Rs -5.6 over previous close of Rs 968.6/quintal,The contract moved in the range of Rs 961.6-969.5 for the day. Open interest increased by 4 MT to 355 MT, while trading volume decreased by -26 to 22 MT.
Mentha Oil contract for JUL delivery settled at Rs 977.7/quintal showing an fall of Rs -0.1 over previous close of Rs 977.7/quintal,The contract moved in the range of Rs 977.5-977.8 for the day. Open interest was simillar by 0 MT to 9 MT, while trading volume decreased by -2 to 0 MT.
Currently The spread between MAY and JUNE contract is -11 Rs/quintal.
Currently The spread between JUNE and JUL contract is -14.7 Rs/quintal.
Currently The spread between MAY and JUL contract is -25.7 Rs/quintal.
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(By Commoditiescontrol Bureau: +91 9820130172)
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