Mentha Oil Market Sees Sluggish Activities

New Delhi, April 29 (Commoditiescontrol): Mentha oil prices witnessed a decline in both the spot market and futures trading on Monday, primarily attributed to poor demand. The bearish sentiment prevailing in the futures market further impacted the sentiment of the spot market.

Market analysts attribute the lackluster demand for natural produce to the widespread availability of synthetic products.

In Chandausi market, mentha oil prices were reported down by Rs 5, trading at Rs 1,007-1,009 per kilogram. Meanwhile, in Barabanki market, mentha oil prices were quoted at Rs 978 per kilogram.

Mentha oil futures for delivery in April were trading Rs 5.6 lower at Rs 911 per kilogram at the Multi Commodity Exchange (MCX). The contract recorded an open interest of 83 and a volume of 9.

Mentha oil futures contract for delivery in May witnessed a decline of Rs 10.7, trading at Rs 915 per kilogram at the MCX. The contract reported an open interest of 364 and a volume of 108.

Mentha Oil contract for APR delivery settled at Rs 911/quintal showing an fall of Rs -5.6 over previous close of Rs 916.6/quintal,The contract moved in the range of Rs 911-915 for the day. Open interest decreased by -3 MT to 83 MT, while trading volume decreased by -4 to 9 MT.
Mentha Oil contract for MAY delivery settled at Rs 915/quintal showing an fall of Rs -10.7 over previous close of Rs 925.7/quintal,The contract moved in the range of Rs 913-926.1 for the day. Open interest increased by 8 MT to 364 MT, while trading volume increased by 15 to 108 MT.
Mentha Oil contract for JUNE delivery settled at Rs 919/quintal showing an fall of Rs -8.3 over previous close of Rs 927.3/quintal,The contract moved in the range of Rs 918-929 for the day. Open interest decreased by -1 MT to 269 MT, while trading volume increased by 17 to 50 MT.

Currently The spread between APR and MAY contract is -4 Rs/quintal.
Currently The spread between MAY and JUNE contract is -4 Rs/quintal.

Currently The spread between APR and JUNE contract is -8 Rs/quintal.

(By Commoditiescontrol Bureau: +91 9820130172)