Mumbai, November 13 (CommoditiesControl): The spot price of mentha oil has seen an upward movement today. Increased demand, especially from international markets like China and the United States, along with seasonal factors, have contributed to this price increase.
India's role as the primary global supplier—producing about 83% of mentha oil—also positions it as a key driver of these price trends. The rise in prices is also influenced by the limited supply due to reduced production, along with high demand in the pharmaceutical and flavoring industries.
Mentha Oil contract for NOV delivery settled at Rs 914.9/quintal showing an rise of Rs 1.9 over previous close of Rs 913/quintal,The contract moved in the range of Rs 912-918.4 for the day. Open interest increased by 6 MT to 570 MT, while trading volume decreased by -10 to 56 MT.
Mentha Oil contract for DEC delivery settled at Rs 930/quintal showing an rise of Rs 2.6 over previous close of Rs 927.4/quintal,The contract moved in the range of Rs 925-932.2 for the day. Open interest increased by 3 MT to 191 MT, while trading volume was simillar by 0 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 -15.1 Rs/quintal.
Currently The spread between DEC and JAN contract is -45 Rs/quintal.
Currently The spread between NOV and JAN contract is -60.1 Rs/quintal.
(By Commoditiescontrol Bureau: +91 9820130172)
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