COMMODITY NEWS

NCDEXINDIA Mentha oil future

Mentha Oil futures rose moderately as demand picked up for the commodity at the lower levels. The commodity witnessed massive corrections over the past few sessions on the back of reports of higher production of the crop this year. However, lower arrivals and rising export demand and domestic demand from the Pharmaceutical Industries supported the price of the commodity from falling in today’s trading session.

The contract for May delivery was trading at Rs 950.50, lost 1.29% or Rs 12.40 from its previous closing of Rs 962.90. The open interest of the contract stood at 285 lots.

The contract for June delivery was trading at Rs 886.00, down by 1.60% or Rs 14.40 from its previous closing of Rs 900.40. The open interest of the contract stood at 1167 lots.

NCDEX PAPER FUTURE

Pepper futures are trading straight down on Thursday on account of increased arrivals within the domestic markets amongst weak local as well as export demand. The desire within the spot market currently is reduced whilst the production is on the mark inserting pressure over the prices.

The contract regarding the May delivery was trading at Rs 30,372.00, straight down by 0.69% and / or Rs 210.00 right from its past concluding of Rs 30,582.00. The open interest belonging to the contract stood at 5,357 lots.

The contract regarding June delivery was trading at Rs 29,735.00, straight down by just 0.93% or Rs 280.00 right from its past closing of Rs 30,015.00. The open interest regarding the contract stood at 15,310 lots on NCDEX.

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