New Delhi, October 04 (Commoditiescontrol): Mentha oil prices have experienced a continued downturn for the third consecutive session, reflecting a notable drop in demand from local buyers and exporters alike.
In the Chandausi market, prices fell by Rs 4, settling between Rs 978 and Rs 980 per kg. Similarly, in Barabanki, mentha oil prices dropped by Rs 10, reaching Rs 930 per kg.
On the Multi Commodity Exchange (MCX), mentha oil futures for October delivery saw a decline of Rs 7.1, trading at Rs 918 per kg. The open interest stood at 586, with a trading volume of 146 contracts. Meanwhile, November futures decreased by Rs 4.9, priced at Rs 935 per kg, with an open interest of 220 and a volume of 21 contracts.
The overall lack of buying interest has led to this downward trend, prompting market analysts to closely monitor the situation for any potential shifts in demand.
Mentha Oil contract for OCT delivery settled at Rs 918/quintal showing an fall of Rs -7.1 over previous close of Rs 925.1/quintal,The contract moved in the range of Rs 913.1-926.9 for the day. Open interest increased by 542 MT to 586 MT, while trading volume increased by 146 to 146 MT.
Mentha Oil contract for NOV delivery settled at Rs 935/quintal showing an fall of Rs -4.9 over previous close of Rs 939.9/quintal,The contract moved in the range of Rs 928.3-940 for the day. Open interest decreased by -423 MT to 220 MT, while trading volume decreased by -59 to 21 MT
Mentha Oil contract for DEC delivery settled at Rs 940/quintal showing an fall of Rs -20 over previous close of Rs 960/quintal,The contract moved in the range of Rs 940-940 for the day. Open interest decreased by -202 MT to 2 MT, while trading volume decreased by -13 to 1 MT.
Currently The spread between OCT and NOV contract is -17 Rs/quintal.
Currently The spread between NOV and DEC contract is -5 Rs/quintal
Currently The spread between OCT and DEC contract is -22 Rs/quintal.
(By Commoditiescontrol Bureau: +91 9820130172)
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