New Delhi, November 12 (Commodities Control): Mentha oil prices in primary spot markets showed stability today, though demand has been subdued as traders adopt a cautious approach. Local traders report that current demand is mainly from the domestic pharmaceutical and FMCG sectors, with limited export interest.
In Chandausi, the mentha oil price remained stable around ₹920–₹930 per kg. Barabanki market also reported a stable price range, trading between ₹910–₹920 per kg.
Arrivals were moderate across the major mandis, as there has been limited fresh buying interest, keeping price movements narrow. Mentha oil prices are likely to trade within a tight range in the short term as demand remains need-based, and supply is steady.
Mentha Oil contract for NOV delivery settled at Rs 912.3/quintal showing an fall of Rs -0.8 over previous close of Rs 913.1/quintal,The contract moved in the range of Rs 908.2-916.8 for the day. Open interest decreased by -24 MT to 564 MT, while trading volume increased by 5 to 66 MT.
Mentha Oil contract for DEC delivery settled at Rs 927/quintal showing an rise of Rs 1.9 over previous close of Rs 925.1/quintal,The contract moved in the range of Rs 926.5-928 for the day. Open interest increased by 4 MT to 188 MT, while trading volume decreased by -3 to 8 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 -14.7 Rs/quintal.
Currently The spread between DEC and JAN contract is -48 Rs/quintal.
Currently The spread between NOV and JAN contract is -62.7 Rs/quintal
(By Commoditiescontrol Bureau: +91 9820130172)
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