Lower arrivals lift Mentha oil futures 21/10/2014

Lower arrivals lift Mentha oil futures
21/10/2014 14:58
Mentha oil prices rose by 0.79 per cent on Tuesday at the Multi Commodity Exchange (MCX) due to tight stocks position in the physical market due to restricted arrivals from producing belts. At MCX, Mentha oil futures for October 2014 contract, at MCX, were trading at Rs. 678.60 per kg, up by 0.79 per cent after opening at Rs. 675.90 against the previous closing price of Rs. 673.30. It touched the intra-day high of Rs. 680.90 till the trading. (At 2.45 PM today).
Sentiment improved further as traders engaged in creating positions on account of good demand from consuming industries and lower arrivals from Chandausi in Uttar Pradesh.
About 80 per cent of the crop in India comes from Uttar Pradesh (Rampur, Moradabad, Bareilly, Barabanki and Badaun) and the balance 20 per cent from Punjab, Himachal Pradesh and Haryana.

Weak demand outlook drags down Mentha oil futures 20/10/2014

Weak demand outlook drags down Mentha oil futures
20/10/2014 14:51
Mentha oil prices fell by 0.33 per cent on Monday at the Multi Commodity Exchange (MCX) as a result of the increased arrivals of the commodity in the physical market from the major producing belts in Uttar Pradesh. At MCX, Mentha oil futures for October 2014 contract, at MCX, were trading at Rs. 672.30 per kg, down by 0.33 per cent after opening at Rs. 677.40 against the previous closing price of Rs. 674.50. It touched the intra-day low of Rs. 670.30 till the trading. (At 2.45 PM today).
Sentiment weakened further as the investors indulged in profit-booking in the midst of a fall in demand in the spot market.
About 80 per cent of the crop in India comes from Uttar Pradesh (Rampur, Moradabad, Bareilly, Barabanki and Badaun) and the balance 20 per cent from Punjab, Himachal Pradesh and Haryana.

Strong demand lifts Mentha oil futures 23/09/2014

Strong demand lifts Mentha oil futures
23/09/2014 14:43
Mentha oil prices rose by 0.35 per cent on Tuesday at the Multi Commodity Exchange (MCX) due to tight stocks position in the physical market due to restricted arrivals from producing belts. At MCX, Mentha oil futures for September 2014 contract, at MCX, were trading at Rs. 663 per kg, up by 0.35 per cent after opening at Rs. 659 against the previous closing price of Rs. 660.70. It touched the intra-day high of Rs. 666 till the trading. (At 2.43 PM today).
Sentiment improved further as traders engaged in creating positions on account of good demand from consuming industries and lower arrivals from Chandausi in Uttar Pradesh.
About 80 per cent of the crop in India comes from Uttar Pradesh (Rampur, Moradabad, Bareilly, Barabanki and Badaun) and the balance 20 per cent from Punjab, Himachal Pradesh and Haryana.