Mentha Oil Prices Remain Flat in Spot Market, Futures Decline

New Delhi, October 25 (Commoditiescontrol) — Mentha oil prices showed little movement in the physical market today, remaining stable despite a decline in futures trading driven by profit booking. Market sources indicated that demand for mentha oil has decreased, reflecting the bearish sentiment in futures.

In Chandausi, mentha oil prices held steady at Rs 990-92 per kg, while Barabanki reported prices at Rs 943 per kg.

On the futures market, the October contract for mentha oil saw a decrease of Rs 5.7, bringing it down to Rs 919 per kg on the Multi Commodity Exchange (MCX). This contract recorded an open interest of 128 and a trading volume of 49.

Similarly, the November futures contract fell by Rs 6.5 to Rs 932 per kg, with an open interest of 512 and a volume of 155.

Overall, while spot prices remained stable, the futures market's decline suggests caution among traders amid shifting demand dynamics.

Mentha Oil contract for OCT delivery settled at Rs 919/quintal showing an fall of Rs -5.7 over previous close of Rs 924.7/quintal,The contract moved in the range of Rs 918.9-925 for the day. Open interest decreased by -19 MT to 128 MT, while trading volume decreased by -102 to 49 MT.

Mentha Oil contract for NOV delivery settled at Rs 932.9/quintal showing an fall of Rs -6.5 over previous close of Rs 939.4/quintal,The contract moved in the range of Rs 929-940 for the day. Open interest increased by 9 MT to 512 MT, while trading volume decreased by -64 to 155 MT.

Mentha Oil contract for DEC delivery settled at Rs 938.1/quintal showing an fall of Rs -7.8 over previous close of Rs 945.9/quintal,The contract moved in the range of Rs 938.1-948 for the day. Open interest increased by 13 MT to 162 MT, while trading volume decreased by -25 to 32 MT

Currently The spread between OCT and NOV contract is -13.9 Rs/quintal.

Currently The spread between NOV and DEC contract is -5.20000000000005 Rs/quintal.

Currently The spread between OCT and DEC contract is -19.1 Rs/quintal.

(By Commoditiescontrol Bureau: +91 9820130172)