Mentha Oil Rate Today falls 0.18% on Apr 3 2024
₹931.50. In the past 1 day, the Mentha oil rate on MCX has decline 0.18% from ₹938.00 to ₹931.50.Mentha oil is an essential oil obtained from a mint plant and India is one of the leading producers and exporters of mentha oil. Mentha oil is used in food, pharma, soaps, and other skincare/personal care products.
Mentha oil rate trades on commodity exchanges such as MCX, where traders can buy or sell Mentha oil contracts. Mentha oil is produced in different states of India such as Uttar Pradesh, Bihar, and Punjab.Mentha oil rate remains quite volatile and Indian exporters have been exposed to this price volatility, said MCX India. MCX has liquid futures contracts for mentha oil rate - this can help traders hedge their bets, the exchange said on its site.
Some international factors such as - demand from importing countries such as the US and China - drive the prices. Domestically, climate changes such as cold waves and untimely rains are some factors that drive the Mentha oil rate in the market. Mentha oil rate is also sensitive to the USD-INR rate due to the import-export equation.
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