New Delhi, May 2 (CommoditiesControl): Mentha oil prices remained steady to firm in the spot market on Wednesday, reflecting a stable trading environment. The current month's future contract for mentha oil also saw a slight uptick on the local bourse. However, demand for mentha oil from both the local industry and the overseas market continues to be sluggish, primarily due to ample supply of synthetic mint products, according to a trade analyst.
In Chandausi market, mentha oil prices were quoted at Rs 1008-1010 per kg, while in Barabanki market, prices stood at Rs 982 per kg.
At the Multi Commodity Exchange (MCX), the future contract for mentha oil delivery in May traded Rs 1.5 or 0.16% higher at Rs 933.70 per kg. The contract recorded an open interest of 396 and a volume of 146.
Mentha Oil contract for APR delivery settled at Rs 933.7/quintal showing an rise of Rs 14.3 over previous close of Rs 919.4/quintal,The contract moved in the range of Rs 920.1-943.9 for the day. Open interest increased by 359 MT to 396 MT, while trading volume increased by 146 to 146 MT.
Mentha Oil contract for MAY delivery settled at Rs 936/quintal showing an rise of Rs 14.5 over previous close of Rs 921.5/quintal,The contract moved in the range of Rs 930.1-939.1 for the day. Open interest increased by 284 MT to 284 MT, while trading volume increased by 35 to 35 MT.
Currently The spread between APR and MAY contract is -2.29999999999995 Rs/quintal.
Currently The spread between MAY and JUNE contract is -14 Rs/quintal.
Currently The spread between APR and JUNE contract is -16.3 Rs/quintal.
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