Login ID:
Password:
Partner Login
Contact Us : 7066511911

Spot Mentha Oil Strengthens as Buyers Return to Market on Lower Prices, Futures Join in

22 Sep 2021 4:15 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

NEW DELHI, Sept 22 (Commoditiescontrol) - After the sluggishness of the last several days, spot mentha oil registered a rise of up to Rs 10 per kg on Wednesday due to improvement in buying at the lower prices. According to traders, demand from processing units at lower prices amid weak arrivals in the mandis supported mentha oil. Mentha oil contracts are also showing strength in futures trade.

According to trade sources, due to the fall in the prices, the arrival of mentha oil in the mandis of producing regions is decreasing continuously. On the other hand, the stockist is also not keen to sell at the current price. On the other hand, the demand from processing units improved after the last several days of decline. These units in the producing area manufacture mentha flakes and crystals from mentha oil which is consumed in consumer industries.

Gross rate of Mentha oil is increasing by Rs 5-5 in Rampur and is being sold at Rs 1035 per kg in Sambhal. In Barabanki, the gross rate is increasing by Rs 10 to Rs 1050 and in Chandausi by Rs 5 to Rs 1085 per kg. Net price of Mentha oil in Rampur (6 percent cut) was Rs 975, in Sambhal (5 percent cut) Rs 975, in Chandausi (10.5 percent cut) Rs 980 and in Barabanki (9 percent cut) Rs 960 per kg. In the last trading session, the gross rate of Mentha oil was Rs 1030 in Rampur, Rs 1025 in Sambhal, Rs 1080 in Chandausi and Rs 1050 per kg in Barabanki.

On the Multi Commodity Exchange (MCX), mentha oil contract for the October delivery was trading higher by Rs 8.80 at Rs Rs 933.70 per kg, after moving in the range of Rs 937.40 and Rs 925.10 per kg, having an open interest of 808 lots.

(By Commoditiescontrol Bureau)


       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Top | Post Comment  

Latest Market Commentary
Guar seed, gum continue to trade higher
Mixed Trend in Spot Mentha Oil amid Sluggish Demand, Fu...
Spot Mentha Oil Slightly up as Demand Improves, Futures...
Guar seed, gum prices rise due to lower than expected ...
Guar gum gains Rs 1500 in a week guar seed up Rs 400/qu...
more
Top 5 News
Coriander Retreats from Yesterday's Gains in Rajasthan ...
New Moong displays mixed trend, old variety dip at M.P
Sugar Continues to Stay Unchanged, Downtrend likely aft...
Chana remain weak in selective spot, sowing in Rajastha...
Domestic Tur widen losses at selective mkts, Burma vari...
Top 5 Special Reports
Argentina’s wheat, barley production estimated unchang...
Week Ahead: Pulses Prices to head southward amid sellin...
Weekly: ICE cotton futures edge higher amid increased d...
Government has lost revenue without the consumers getti...
Canada's 2021-22 Canola Exports may Fall 38% y/y to 6.5...
Copyright © CC Commodity Info Services LLP. All rights reserved.