Login ID:
Password:
Partner Login
Contact Us : 7066511911

Spot mentha oil declines on sluggish demand, weak futures

25 Jan 2022 5:41 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

NEW DELHI, Jan 25 (Commoditiescontrol) - Mentha oil prices declined in the mandis of western Uttar Pradesh on Tuesday due to weak demand. The fall of one-and-a-half percent in mentha oil futures also put pressure on spot prices. In western Uttar Pradesh, mentha oil traded lower by Rs 10 in Rampur, Sambhal and Chandausi mandis. According to traders, business activities remained weak due to severe cold wave conditions along with fog and rains. Mentha oil contracts on the MCX remained soft.

According to trade sources, weather is also contributing to the slowdown in mentha oil. Due to the biting winter, the trade has come to a standstill. Mentha oil starts to freeze during the winter season. This creates problems for the consuming industries. Hence, processors are reducing purchases of mentha oil.

The gross rate of Mentha oil was sold at Rs 1075 per kg in Rampur and Rs 1065 in Sambhal by Rs 7 per kg. The gross rate was recorded at Rs 1125 per kg in Chandausi with a softening of Rs 7. In Barabanki, the price remained at a loss of Rs 10 at Rs 1090 per kg. The net price of Mentha oil in Rampur (6 percent reduction) was Rs 1015, in Sambhal (5 percent reduction) Rs 1015, in Chandausi (11 percent reduction) Rs 1015 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 8.50 at Rs 975 per kg, after moving in the range of Rs 961.60 and Rs 952.20 per kg, having an open interest of 1,090 lots. January contract also edged lower by Rs 7.10 to Rs 961.50 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 gum, seed trade firm at spot, futures
Guar seed, gum prices down on weak demand
Guar seed, gum prices fall on weak demand
Guar seed, gum trade firm on improved demand
Guar gum, seed trade firm in spot, futures
more
Top 5 News
Gold fades to dollar's strength ahead of Fed minutes
Wheat prices mostly steady amid subdued activities
ZCE COTTON AND YARN EVENING CLOSE 25 MAY 2022
DCE OIL COMPLEX EVENING CLOSING 25 MAY 2022
Coriander prices drop in spot, futures
Top 5 Special Reports
Indonesia issues domestic sales rule for palm oil, comp...
Pigeon Pea (Akola) Inflection Point: Retesting Range ...
Castor Oil (Kadi) Limited Upside Potential: Prices Tr...
Govt decides to regulate sugar exports from June 1
Soy Refined Oil (Indore) Bullish Trend / Next Resista...
Copyright © CC Commodity Info Services LLP. All rights reserved.