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

Mentha Oil Prices Continue Bearish Trend Amid Increased Arrivals

18 Jun 2024 5:30 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 
New Delhi, June 18 (Commoditiescontrol): Mentha oil prices extended their decline on Monday as increased arrivals put downward pressure on the market. Prices of mentha oil dropped sharply by Rs 5-10 per kg in the spot market today. However, futures showed only a slight dip. According to trade sources, demand for mentha oil remains lackluster.

In Chandausi, mentha oil prices fell to Rs 955-957 per kg, marking a significant drop. Similarly, in Barabanki, prices were quoted Rs 5 down at Rs 915 per kg.

The mentha oil future contract for delivery in June decreased by Rs 1.3 to Rs 907.7 per kg on the Multi Commodity Exchange (MCX), with an open interest of 348 and a trading volume of 249.

Market participants are closely monitoring the situation as they await any signs of recovery in demand which could stabilize or reverse the current trend.

Mentha Oil contract for MAY delivery settled at Rs 907.7/quintal showing an fall of Rs -1.3 over previous close of Rs 909/quintal,The contract moved in the range of Rs 899-909.7 for the day. Open interest decreased by -62 MT to 348 MT, while trading volume increased by 140 to 249 MT.

Mentha Oil contract for JUNE delivery settled at Rs 921/quintal showing an fall of Rs -4 over previous close of Rs 925/quintal,The contract moved in the range of Rs 913.3-924.9 for the day. Open interest increased by 70 MT to 239 MT, while trading volume increased by 100 to 165 MT.

Mentha Oil contract for JUL delivery settled at Rs 931/quintal showing an fall of Rs -9 over previous close of Rs 940/quintal,The contract moved in the range of Rs 931-931 for the day. Open interest increased by 1 MT to 1 MT, while trading volume increased by 1 to 1 MT.

Currently The spread between MAY and JUNE contract is -13.3 Rs/quintal.

Currently The spread between JUNE and JUL contract is -10 Rs/quintal

Currently The spread between MAY and JUL contract is -23.3 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 Prices Rise on Improved Buying
Guar Seed and Guar Gum Prices Hold Steady
Mentha Oil Prices Decline on Slow Demand
Spot Guar Seed and Gum Prices Rise, Futures Settle Near...
Mentha Oil Prices Rebound on Strong Buying
more
Top 5 News
Solapur Pulse Market: Tur Prices Decline; Chana Prices ...
Cotton Prices Stable in North Indian States Amid Spinni...
Mumbai Sugar Prices -15 July 2024
NCDEX Stock position of commodities at NCCL approved wa...
Malaysian Crude Palm Oil Futures Decline Amid Weakness ...
Top 5 Special Reports
Weekly: Sugar Prices Decline Amid Strong Brazilian Outp...
Weekly: Cotton Extend Loss For 7th Week; Bears Tighten ...
USDA lowers 2024-25 global soybean production estimates...
USDA revises 2024-25 global cotton ending stocks estima...
Textile Industry Pins Hopes on Upcoming Union Budget
Copyright © CC Commodity Info Services LLP. All rights reserved.