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Mentha Oil Prices Hold Steady Amid Limited Arrivals and Consistent Demand

9 Dec 2024 5:55 pm
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New Delhi, December 09 (CommoditiesControl): Mentha oil prices remained steady in the spot market today, supported by consistent demand and limited arrivals of fresh produce.

In Chandausi, the key trading hub for mentha oil in Uttar Pradesh, prices were quoted at Rs 1,450 to Rs 1,500 per kg, largely unchanged from the previous session. Demand from both domestic markets and export buyers in sectors like pharmaceuticals, cosmetics, and aromatherapy continues to provide steady support to the market.

Meanwhile, arrivals of mentha oil remained limited, with only moderate quantities reaching the mandis. As the current harvesting season winds down, supply pressure has been relatively controlled, which has helped stabilize prices. Traders also report that farmers are holding on to stocks in anticipation of better prices in the future, contributing to lower availability in the market.

The market is expected to continue on a steady path in the short term, with minor fluctuations dependent on demand trends and any changes in the pace of new crop arrivals.

Mentha Oil contract for DEC delivery settled at Rs 922/quintal showing an fall of Rs -6.7 over previous close of Rs 928.7/quintal,The contract moved in the range of Rs 922-929.7 for the day. Open interest decreased by -11 MT to 510 MT, while trading volume decreased by -15 to 49 MT.

Mentha Oil contract for JAN delivery settled at Rs 935/quintal showing an fall of Rs -8.2 over previous close of Rs 943.2/quintal,The contract moved in the range of Rs 935-939 for the day. Open interest increased by 2 MT to 140 MT, while trading volume decreased by -13 to 6 MT.

Mentha Oil contract for FEB delivery settled at Rs 940/quintal showing an fall of Rs -70 over previous close of Rs 1010/quintal,The contract moved in the range of Rs 940-940 for the day. Open interest increased by 1 MT to 1 MT, while trading volume increased by 1 to 1 MT.


Currently The spread between DEC and JAN contract is -13 Rs/quintal.

Currently The spread between JAN and FEB contract is -5 Rs/quintal.

Currently The spread between DEC and FEB contract is -18 Rs/quintal.


(By Commoditiescontrol Bureau: +91 9820130172)

       
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