New Delhi, July 11 (Commoditiescontrol) Mentha oil prices fell on Thursday due to slow demand and bearish cues from the futures. Mentha oil futures turned bearish amid profit-booking. Prices of mentha oil dropped sharply in the physical market as demand from exporters and the local buyers at higher level.
Mentha oil prices were quoted Rs 18 down at Rs 980-982 per kg in the market of Chandausi. Mentha oil prices were also quoted Rs 15 lower at Rs 940 per kg in the market of Barabanki today.
Mentha oil future contract for delivery in July was Rs 27.9 down at Rs 948 per kg at Multi Commodity Exchange (MCX) with open interest of 551 and volume of 458.
Mentha oil future contract for delivery in Aug was Rs 27.8 down at Rs 961 per kg at Multi Commodity Exchange (MCX) with open interest of 210 and volume of 61.
Mentha Oil contract for JUL delivery settled at Rs 948/quintal showing an fall of Rs -27.9 over previous close of Rs 975.9/quintal,The contract moved in the range of Rs 947.1-978 for the day. Open interest decreased by -63 MT to 551 MT, while trading volume increased by 171 to 458 MT.
Mentha Oil contract for AUG delivery settled at Rs 961/quintal showing an fall of Rs -27.8 over previous close of Rs 988.8/quintal,The contract moved in the range of Rs 961-990 for the day. Open interest increased by 25 MT to 210 MT, while trading volume increased by 35 to 61 MT.
Mentha Oil contract for SEP delivery settled at Rs 976.1/quintal showing an fall of Rs -18.5 over previous close of Rs 994.6/quintal,The contract moved in the range of Rs 976.1-992 for the day. Open interest increased by 1 MT to 29 MT, while trading volume increased by 9 to 9 MT.
Currently The spread between JUL and AUG contract is -13 Rs/quintal.
Currently The spread between AUG and SEP contract is -15.1 Rs/quintal.
Currently The spread between JUL and SEP contract is -28.1 Rs/quintal.
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(By Commoditiescontrol Bureau: +91 9820130172)
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