New Delhi, July 15 (CommoditiesControl): Mentha oil prices dropped in the physical markets on Monday due to weak demand and bearish cues from futures. Menath oil futures extended fall at local bourse amid profit-booking activities.
Mentha oil prices were quoted at Rs 962-965per kg in the market of Chandausi. Mentha oil prices were also quoted at Rs 925 per kg in the market of Barabanki today.
Mentha oil prices were down by Rs 10-15 per kg in the physical market today.
Mentha oil future contract for delivery in July was Rs 13.1 down at Rs 942.1 per kg at Multi Commodity Exchange (MCX) with open interest of 528 and volume of 129.
Mentha oil future contract for delivery in Aug was Rs 12.1 down at Rs 959.9 per kg at Multi Commodity Exchange (MCX) with open interest of 274 and volume of 56.
Mentha Oil contract for JUL delivery settled at Rs 942.1/quintal showing an fall of Rs -13.1 over previous close of Rs 955.2/quintal,The contract moved in the range of Rs 942.1-952.9 for the day. Open interest decreased by -23 MT to 528 MT, while trading volume decreased by -151 to 129 MT.
Mentha Oil contract for AUG delivery settled at Rs 959.9/quintal showing an fall of Rs -12.1 over previous close of Rs 972/quintal,The contract moved in the range of Rs 956.2-968.3 for the day. Open interest increased by 22 MT to 274 MT, while trading volume decreased by -41 to 56 MT.
Mentha Oil contract for SEP delivery settled at Rs 975/quintal showing an fall of Rs -6 over previous close of Rs 981/quintal,The contract moved in the range of Rs 975-975 for the day. Open interest increased by 1 MT to 32 MT, while trading volume decreased by -4 to 1 MT.
Currently The spread between JUL and AUG contract is -17.8 Rs/quintal.
Currently The spread between AUG and SEP contract is -15.1 Rs/quintal.
Currently The spread between JUL and SEP contract is -32.9 Rs/quintal
(By Commoditiescontrol Bureau: +91 9820130172)
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