Login ID:
Password:
Partner Login
Contact Us : 7066511911

Spot mentha oil stays unchanged as cold wave conditions affect demand

24 Jan 2022 6:59 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

NEW DELHI, Jan 24 (Commoditiescontrol) - Mentha oil remained stable in the mandis of producing regions of western Uttar Pradesh on Monday due to weak demand. In western Uttar Pradesh, mentha oil was being sold at the previous price in Rampur, Sambhal and Chandausi mandis. According to traders, trade activities remained weak due to severe winter, fog and rainy weather conditions. The demand for mouth freshener industry also remains sluggish amid severe cold wave conditions. Mentha oil contracts on the MCX remained soft.

According to trade sources, the trade of mentha oil in the producing areas has cooled down and it is getting affected due to winter season. Processors are reducing their purchases of mentha oil due to limited demand by consuming industries.

The gross rate of Mentha oil was sold at Rs 1082 per kg in Rampur and Rs 1072 per kg in Sambhal. The gross rate was recorded in Chandausi at the previous level of Rs 1132 per kg. In Barabanki, the price remained stable at Rs 1,100 per kg. The net price of Mentha oil in Rampur (6 percent reduction) was Rs 1022, in Sambhal (5 percent reduction) Rs 1022, in Chandausi (11 percent reduction) Rs 1022 and in Barabanki (9 percent reduction) Rs 1000 per kg.

On the Multi Commodity Exchange (MCX), mentha oil contract for February delivery moved lower by Rs 5.20 at Rs 990 per kg, after moving in the range of Rs 997.50 and Rs 988.10 per kg, having an open interest of 963 lots. January contract also edged lower by Rs 9.60 to Rs 976 per quintal.

(By Commoditiescontrol Bureau: +91-22-40015505)


       
  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 prices fall on weak demand
Guar seed, gum trade firm on improved demand
Guar gum, seed trade firm in spot, futures
Guar seed, gum prices fall in spot, futures
Guar seed, gum market likely to remain range bound in ...
more
Top 5 News
Spot cumin seed prices mixed, futures drop over 1%
Moong trades higher at Rajkot-Washim amid less arrivals...
Gold gains as dollar slide amid growth worries sap risk...
Season 2021-22: Kapas arrivals at 15,250 bales on May 1...
Cotton stays unchanged in Maharashtra on limited buying...
Top 5 Special Reports
Sugar production rises 14% to 348.83 lakh tonnes in 20...
Stocks of wheat, canola, barley, dry peas, oats and len...
Lentil (Kolkata) Consolidating in an Uptrend (Rs. 6,8...
Soybean Meal (Indore) Counter-trend Decline / Next Su...
Pulses Import Data Month/Origin/Destination Wise 17 May...
Copyright © CC Commodity Info Services LLP. All rights reserved.