Mentha oil futures market witnessed negative sentiment during the yesterday session with the
heavy profit taking, long liquidations after sharp rally in the prices.
Spot markets prices at sambhal and Chandausi shown weakness by the evening session trade.
Mentha oil cash trades are reported at 490 per Kg, which is lower by Rs.10 compared to 15th
morning trade.
Fundamental scenario
Winter season in general viewed as demand season for the Mentha oil. Cough syrups, Lozenge
manufacturers usually procure the base Mentha oil starting form this season.
By December, the global demand for the commodity shall increase but stocks in general will be low
as the crop is harvested once a year during July-August.
Farmers had already offloaded nearly 50% of the total produce of 15,000 tones this year in the spot
markets, which were limits on price raise substantially.
Spot market shall need to be watched with caution, at the starting of the winter season prices shall
continue to be volatile till the supply demand scenario consolidates. Based on the yesterdays
evening sentiments in the spot markets prices likely to witness negative movement in the current
session. = Regards (VM )