New Delhi, August 7 (Commoditiescontrol): Mentha oil prices fell in the physical markets and the futures as well on Wednesday due to weak demand from the local industry and the exporters as well. As per the traders, demand for mentha oil is down due to availability of synthetic mentha products.
Mentha oil prices were down Rs 5 at Rs 1020-1022 per kg in the market of Chandausi. Mentha oil prices were also Rs 5 down Rs 977 per kg in the market of Barabanki.
Mentha oil future contract for delivery in Aug was Rs 4 or 0.4% down at Rs 989.50 per kg at Multi Commodity Exchange (MCX) with open interest of 785 and volume of 661.
Mentha oil future contract for delivery in Sep was Rs 2.20 or 0.22% down at Rs1009.90 per kg at Multi Commodity Exchange (MCX) with open interest of 209 and volume of 61.
Mentha Oil contract for AUG delivery settled at Rs 989.5/quintal showing an fall of Rs -12.4 over previous close of Rs 1001.9/quintal,The contract moved in the range of Rs 988-1025 for the day. Open interest decreased by -12 MT to 785 MT, while trading volume increased by 470 to 661 MT.
Mentha Oil contract for SEP delivery settled at Rs 1009.9/quintal showing an fall of Rs -6.3 over previous close of Rs 1016.2/quintal,The contract moved in the range of Rs 1008-1033.9 for the day. Open interest increased by 16 MT to 209 MT, while trading volume increased by 45 to 61 MT.
Mentha Oil contract for OCT delivery settled at Rs 1024.2/quintal showing an fall of Rs -4.9 over previous close of Rs 1029.1/quintal,The contract moved in the range of Rs 1024.2-1046 for the day. Open interest increased by 6 MT to 17 MT, while trading volume increased by 7 to 13 MT.
Currently The spread between AUG and SEP contract is -20.4 Rs/quintal
Currently The spread between SEP and OCT contract is -14.3000000000001 Rs/quintal.
Currently The spread between AUG and OCT contract is -34.7 Rs/quintal.
(By Commoditiescontrol Bureau: +91 9820130172)
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