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Spot mentha oil stays unchanged as cold wave conditions affect demand

24 Jan 2022 6:59 pm
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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)

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