Mumbai, 20 May 2025 (CommoditiesControl.com) – Mentha oil futures edged higher on Tuesday, driven by selective lower-level buying and speculative interest, though spot markets remained mixed amid consistent arrivals and moderate demand.
On the Multi Commodity Exchange (MCX), Mentha oil May contract closed marginally higher by ₹0.9 at ₹904.4 per kg. The trading volume was subdued at 43 lots, with open interest declining by 7 lots to 150, indicating short covering. The June contract gained ₹3.5 to settle at ₹915.5 per kg, with open interest increasing by 9 lots to 123, reflecting fresh long positions.
In the physical markets, prices exhibited mixed trends. At Barabanki mandi in Uttar Pradesh, mentha oil prices were unchanged at ₹950 per kg. However, prices in Chandausi mandi softened to ₹996-998 per kg compared to the previous session’s range of ₹1002-1004 per kg, reflecting cautious buying at higher levels.
Traders anticipate continued volatility, closely tracking arrival patterns and inventory levels for cues on future price movement.
(By Commoditiescontrol Bureau; +91-9820130172)
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