Mentha oil may be warming up for a breakout
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Last Updated: Apr 22, 2021, 10:08 PM IST
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With the harvesting season just 3-4 weeks away, there seems to be no major reason for a sudden spike in mentha oil, added Katariya, who expects the spot price to remain in the Rs 950-1,200 range for next three months.
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In the spot market, mentha oil declined by Rs 13.8, or 1.29 per cent, to Rs 1,052. Mentha oil has lagged behind most agri-commodities in the recent past.
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Mentha oil jumped more than 1 per cent on Thursday to touch the highest level recorded in a week. On the Multi Commodity Exchange (
Gold Price ; Gold ; Corona ; COVID-19 ; Gold can reach 60 thousand rupees by the end of this year, so far this month, expensive by Rs 3,600 | इस साल के आखिर तक 60 हजार रुपए पर पहुंच सकता है सोना, इस महीने ही अब तक 3,600 रुपए से ज्यादा महंगा हुआ
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By Dussehra, Gold Can Cross 60,000, Silver Crosses Rs 1 Lakh - दशहरा तक सोना 60 हजार और चांदी कर सकता है 1 लाख रुपए पार, जानिए इसके पीछे के कारण
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Gold could reach Rs 49,000 by end-April on rising global demand | जागतिक मागणी वाढल्याने एप्रिलअखेरीस 49,000 रुपयांपर्यंत पोहोचू शकते सोने
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From chana, castor, turmeric to guar seed, how to play the normal monsoon theme
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IMD has projected a normal monsoon season this year, with a 61 per cent probability of the rainfall matching or exceeding the country s long-period average (LPA) of 88 cm.
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With the weather office projecting normal monsoon rains this year, the agriculture sector is hoping for a healthy year, but any disruption in weather patterns may disturb the mood for commodity markets.
That was the message from market watchers after the India Meteorological Department projected a bountiful monsoon season even as coronavirus restrictions loomed large on the minds of farmers and traders.