Factors influencing MCX Mentha Oil Price/Rate

Factors Influencing the  MCX Mentha Oil Price/Rate Market

International factors

• Import demand from major importing countries such as China, the U.S., and Singapore.
• USD–INR rate, the commodity being export-oriented.
• Price of synthetic mentha oil in international market.

Domestic factors

• Production related
  • Mentha oil price is influenced by an increase or decrease in the mentha crop acreage which depends on the climate during sowing and the price realization in the previous season.
  • Prevailing weather conditions; the incidence of cold wave and heavy rains are harmful during leaf formation.
  • Quantum of arrivals during the harvest season.
• Consumption
  • Domestic demand from pharmaceutical companies which usually increases in winter
  • Export demand from importing countries

Stocks

• Mentha oil stocks in MCX-accredited warehouses, carry forward stocks, and stocks available with farmers are key indicators of supplies and influence prices.

Source:MCX

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