login_img.jpg
Login ID:
Password:
Partner Login
Contact Us : 7066511911

Spot Mentha Oil Prices Decline, Futures Remain Stable

12 Apr 2024 5:34 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 
New Delhi, April 10 (Commoditiescontrol): Mentha oil faced downward pressure in the spot market on Friday, while futures traded nearly flat. Traders attribute this trend to a higher-than-expected sowing area under mentha crop, which has dampened sentiment. Additionally, the abundance of synthetic mentha supply has contributed to weakened industrial demand for natural produce.

In Chandausi market, mentha oil prices were quoted Rs 4 lower at Rs 1,016-1,018 per kg. Meanwhile, prices in the Barabanki market stood at Rs 990 per kg.

At the Multi Commodity Exchange (MCX), the benchmark contract of Mentha oil for April delivery witnessed a marginal increase of Rs 0.3, trading at Rs 905.7 per kg. Open interest stood at 458, with a trading volume of 101 contracts.

The decline in spot prices coupled with the stable performance of futures indicates a cautious market sentiment amid factors influencing both demand and supply trends in the mentha oil industry.

Mentha Oil contract for APR delivery settled at Rs 905.7/quintal showing an rise of Rs 0.3 over previous close of Rs 905.4/quintal,The contract moved in the range of Rs 897-908.9 for the day. Open interest decreased by -43 MT to 458 MT, while trading volume decreased by -40 to 101 MT.

Mentha Oil contract for MAY delivery settled at Rs 915.7/quintal showing an fall of Rs -3.9 over previous close of Rs 919.6/quintal,The contract moved in the range of Rs 911-920.1 for the day. Open interest increased by 4 MT to 147 MT, while trading volume decreased by -10 to 33 MT.

Mentha Oil contract for JUNE delivery settled at Rs 925/quintal showing an fall of Rs -0.3 over previous close of Rs 925.3/quintal,The contract moved in the range of Rs 917-926 for the day. Open interest increased by 12 MT to 135 MT, while trading volume decreased by -14 to 29 MT

Currently The spread between APR and MAY contract is -10 Rs/quintal.

Currently The spread between MAY and JUNE contract is -9.29999999999995 Rs/quintal.

Currently The spread between APR and JUNE contract is -19.3 Rs/quintal.


(By Commoditiescontrol Bureau: +91 9820130172)


       
  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 :  
   

Post Comment  

Latest Market Commentary
Mentha Oil Spot Prices Firm, Futures Decline
Guar Seed and Gum Prices Steady to Down Amid Lackluster...
Spot Mentha Oil Prices Extend Gains; Futures Trade Near...
Guar Seed and Gum Prices Steady in Spot Market; Futures...
Mentha Oil Prices Flat in Spot Market, Futures Mixed
more
Top 5 News
Weaker Dollar Boosts Sugar Prices; Brazilian Production...
ICE Cotton Prices Dip Ahead of Holiday, But Posts Weekl...
CBOT Wheat Futures Surge Amid Global Crop Concerns
Gold Rises as Dollar Slips, But Posts Worst Week in Fiv...
Crude oil posts weekly drop as interest rate policy spu...
Top 5 Special Reports
US Soybean net sales for May 10-16 at 279,400 MT, up 5 ...
US Cotton net export sales for May 10-16 at 202,900 RB,...
Pea (Matar) Kanpur U.P. Line Counter-trend Rally / Nex...
Deesa Castor Seed (Plant) Trending Lower / Next Suppor...
Sunflower Refined Oil (AP) Inflection Point: Trading N...
Copyright © CC Commodity Info Services LLP. All rights reserved.