Mentha Oil Prices Increased by 0.45 %

Mentha oil prices increased by 0.45 % on Wednesday at the Multi Commodity Exchange due to tight stocks position in the physical market due to confined arrivals from producing belts. Sentiment improved further as traders engaged in creating positions on account of good desired from consuming industries and lower-grade arrivals from Chandausi in U.P. Mentha oil futures for February 2015 contract, at MCX, were trading at Rs. 744.50/kg, upward by 0.45 % after opening at Rs. 740.10 against the last day of closing price of Rs. 741.20. It touched the intra-day maximum of Rs. 744.90 till the trading.

Castorseed prices increased by 1.39 % on Wednesday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of superfluous arrivals of the commodity at the major mandies as well as weak production estimates. Castor seed futures for February 2015 contract was trading at Rs. 3,780 per quintal tonnes, upward by 1.39 %, after opening at Rs. 3,730 against the last ending price of Rs. 3,728. It touched the intraday low-lying of Rs. 3,784 till the trading. Castor oil, extracted from castor seed is the biggest vegetable oil exported out of India. India is the largest exporter of castor oil holding about 70 % share of the international trade in this commodity followed by China & Brazil.