New Delhi, July 31 (Commodities Control): Mentha oil prices saw a strong rally on Tuesday, driven by robust demand. In the physical market, spot prices increased, with Chandausi quoting mentha oil at INR 1000 per kilogram, up by INR 2, and Barabanki reporting prices at INR 950 per kilogram, also an increase of INR 2.
The futures market also reflected this upward trend. Mentha Oil contract for JUL delivery settled at Rs 955/quintal showing an rise of Rs 15 over previous close of Rs 940/quintal,The contract moved in the range of Rs 940.1-955 for the day. Open interest increased by 2 MT to 22 MT, while trading volume increased by 8 to 9 MT.
Mentha Oil contract for AUG delivery settled at Rs 977.7/quintal showing an rise of Rs 19.8 over previous close of Rs 957.9/quintal,The contract moved in the range of Rs 961-986 for the day. Open interest increased by 2 MT to 723 MT, while trading volume increased by 112 to 318 MT
Mentha Oil contract for SEP delivery settled at Rs 988.7/quintal showing an rise of Rs 19.5 over previous close of Rs 969.2/quintal,The contract moved in the range of Rs 974-993.4 for the day. Open interest increased by 11 MT to 158 MT, while trading volume increased by 33 to 43 MT.
Currently The spread between JUL and AUG contract is -22.7 Rs/quintal.
Currently The spread between AUG and SEP contract is -11 Rs/quintal.
Currently The spread between JUL and SEP contract is -33.7 Rs/quintal.
(By Commoditiescontrol Bureau: +91 9820130172)
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