Login ID:
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

   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
India signs deals to export 8.5 mln T sugar in 2021/22,...
ICE sugar prices tracks crude oil lower, Brazil frost f...
Sugar prices mixed in Mumbai
Sugar prices stay flat Delhi amid weak demand-supply
ICE sugar price gain on Brazil frost risk, strong real
Top 5 News
Season 2021-22: Kapas arrivals at 15,250 bales on May 1...
Cotton stays unchanged in Maharashtra on limited buying...
Cotton moves lower in Gujarat as buying from mills soft...
Burma Urad drop at Delhi-Mumbai & Kolkata, domestic var...
Indonesia to lift palm oil export ban from Monday pre...
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.