Mentha Oil Prices Steady with Minor Decline in Key Markets

New Delhi, January 10 (CommoditiesControl): Mentha oil prices saw a slight decline in key markets today. In Barabanki, the price of mentha oil was reported at INR 985 per kg, down from the previous day’s price of INR 990 per kg. In Chandausi, prices also edged lower, with mentha oil quoted in the range of INR 1,018-1,020 per kg, compared to the previous trading day's range of INR 1,022-1,024 per kg.

The minor drop in prices is attributed to limited trading activity and steady demand from both domestic and export markets. However, the overall market sentiment remains stable, with no significant fluctuations in supply or demand observed.

Traders expect prices to remain within this range unless there is a notable shift in market dynamics, such as changes in export demand or production conditions. Mentha oil remains largely unaffected by major disruptions, and prices are likely to continue moving within a narrow range in the near term.

Mentha Oil contract for JAN delivery settled at Rs 944.9/quintal showing an fall of Rs -3 over previous close of Rs 947.9/quintal,The contract moved in the range of Rs 942.1-949.8 for the day. Open interest decreased by -4 MT to 472 MT, while trading volume decreased by -2 to 77 MT

Mentha Oil contract for FEB delivery settled at Rs 955/quintal showing an fall of Rs -4 over previous close of Rs 959/quintal,The contract moved in the range of Rs 955-955 for the day. Open interest increased by 1 MT to 46 MT, while trading volume decreased by -2 to 1 MT.

Mentha Oil contract for MAR delivery settled at Rs 968/quintal showing an was simillar of Rs 0 over previous close of Rs 968/quintal,The contract moved in the range of Rs 968-968 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 JAN and FEB contract is -10.1 Rs/quintal

Currently The spread between FEB and MAR contract is -13 Rs/quintal.

Currently The spread between JAN and MAR contract is -23.1 Rs/quintal.

(By Commoditiescontrol Bureau: +91 9820130172)