Mumbai, January 21 (CommoditiesControl): Mentha oil prices remained stable in the spot market today, with no significant changes in price levels. Demand from both domestic and export markets has been steady, supporting price stability.
In key trading centers, mentha oil was quoted at Rs 1,150-1,200 per kg, reflecting consistent demand. Market participants expect prices to stay within this range in the short term, as there is little fluctuation in supply and demand dynamics. The outlook remains neutral, with any significant price movement dependent on changes in market activity or supply conditions.
Mentha Oil contract for JAN delivery settled at Rs 924.5/quintal showing an fall of Rs -4 over previous close of Rs 928.5/quintal,The contract moved in the range of Rs 922-928.7 for the day. Open interest decreased by -39 MT to 274 MT, while trading volume increased by 8 to 78 MT.
Mentha Oil contract for FEB delivery settled at Rs 937.6/quintal showing an fall of Rs -3.7 over previous close of Rs 941.3/quintal,The contract moved in the range of Rs 933.1-940.5 for the day. Open interest increased by 32 MT to 200 MT, while trading volume decreased by -11 to 50 MT
Mentha Oil contract for MAR delivery settled at Rs 950/quintal showing an fall of Rs -18 over previous close of Rs 968/quintal,The contract moved in the range of Rs 950-950 for the day. Open interest was simillar by 0 MT to 1 MT, while trading volume decreased by -1 to 0 MT.
Currently The spread between JAN and FEB contract is -13.1 Rs/quintal.
Currently The spread between FEB and MAR contract is -12.4 Rs/quintal.
Currently The spread between JAN and MAR contract is -25.5 Rs/quintal.

(By Commoditiescontrol Bureau: +91 9820130172)