New Delhi, November 11 (CommoditiesControl): Mentha oil prices remained stable to slightly higher in the primary spot markets today. In Uttar Pradesh's key trading hubs, including Chandausi and Barabanki, prices showed minor increases, reflecting steady demand and limited supply.
Spot prices in Chandausi reported at approximately ₹1,020-1,025 per kg, up by around ₹5 per kg from the previous session, while in Barabanki, prices hovered around ₹1,015-1,020 per kg. Sources indicate a consistent domestic demand, especially from pharmaceutical and flavoring industries, supporting spot prices.
Analysts expect mentha oil prices to maintain stability with an upward bias as winter approaches, traditionally a period of increased demand. However, any significant change in supply levels could influence price movements in the coming sessions.
Mentha Oil contract for NOV delivery settled at Rs 913/quintal showing an rise of Rs 3 over previous close of Rs 910/quintal,The contract moved in the range of Rs 908.5-913.8 for the day. Open interest decreased by -7 MT to 588 MT, while trading volume decreased by -75 to 61 MT.
Mentha Oil contract for DEC delivery settled at Rs 925/quintal showing an rise of Rs 2.5 over previous close of Rs 922.5/quintal,The contract moved in the range of Rs 923.9-928.2 for the day. Open interest was simillar by 0 MT to 184 MT, while trading volume decreased by -9 to 11 MT.
Mentha Oil contract for JAN delivery settled at Rs 975/quintal showing an was simillar of Rs 0 over previous close of Rs 975/quintal,The contract moved in the range of Rs 975-975 for the day. Open interest was simillar by 0 MT to 0 MT, while trading volume was simillar by 0 to 0 MT.
Currently The spread between NOV and DEC contract is -12 Rs/quintal.
Currently The spread between DEC and JAN contract is -50 Rs/quintal.
Currently The spread between NOV and JAN contract is -62 Rs/quintal.
(By Commoditiescontrol Bureau: +91 9820130172)
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