Mentha Oil Spot as well as futures corrected on Monday and settled lower by 4.23% and 3.34%, respectively, on account of long liquidation and fresh selling as the arrivals increased marginally to around 130 drums from 80-85 drums daily last week.
Total Special Cash margin of 25% on the long side has been imposed on all contracts of Mentha oil from March 9, 2012.
For detailed reference please refer to the Circular No: MCX/T&S/074/2012 dt 06/03/2012.
Production, Arrivals And Exports
According to market sources, sowing of Mentha in Western UP is expected to increase by 30% as compared to last year, while sowing in all regions is expected to increase by 20%.
Arrivals in entire UP stands around 130 drums (1drum – 180 kgs) daily.
Exports of Mentha during April 2011 to January 2012 witnessed a decline of 6% to 12,850 tonnes as compared to 13,550 tonnes in the same period last year.
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MCX Mentha Oil Plunges On Long Liquidation: April 10, 2012
Published 04/10/2012, 03:18 AM
Updated 05/14/2017, 06:45 AM
MCX Mentha Oil Plunges On Long Liquidation: April 10, 2012
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