Mumbai Mentha oil futures traded in a narrow zone during initial hours of trade on Multi Commodity Exchange (MCX) Tuesday. Volume remained very thin during the first half due to unclear cues in the market. Domestic as well as overseas demand continued to remain poor.
February Mentha oil futures inched down Rs 0.40 and quoted at Rs 532.10 a kg. The contract opened lower at Rs 532.00 a kg against its previous settlement of Rs 532.50 a kg. The March contract edged down Rs 0.30 and offered at Rs 533.40 a kg. The volumes in the February and March contract recorded at 32 and 7 tonnes (All figure corresponding to 10.30 A.M).
As of February 07, 2009 total stock of Mentha oilat MCX-monitored warehouses at Chandausi is401537.33 kg of which 336423.930 kg is the physical stock and 65,113.400 kg is the demat stock.