MCX Mentha Oil Live Price Rate Today


Here is the latest mcx mentha oil live price analysis and charts.

MCX Mentha Oil Live Price as on 08/06/21

Last Price

Open

High

Low

Close

Volume

917.00

926.90

926.90

917.00

926.90

11.00

On the MCX, mentha oil futures rate change is about -1.07% to previous change 926.90. The total volume of shares traded is 11.00.

Over the last one week mcx mentha oil price change is about 4.27%. Over the last 30 days, the price change is about -0.56%.

MCX Mentha Oil Live Price Chart


MCX Mentha Oil Trading System 1 :

MCX Mentha Oil Live Price

How to Trade the MCX Mentha Oil Intraday Signals Chart

BUY Trade Entry

Green up arrow & candle stick must trade above the yellow trend line.

BUY Trade Exit

Trail Stop-loss as per green dotted lines or stop loss price given in text box or when a candle stick crosses below the yellow trend Line

SELL Trade Entry

Red Down arrow & candle stick must trade below the yellow trend line.

SELL Trade Exit

Trail Stop-loss as per red dotted lines or stop loss price given in text box or when a candle stick crosses above the yellow trend Line

We also expect the commodity mentha oil futures to react on the above support and resistance levels for today.

*The below MCX Mentha Oil Live Rate Charts are updated every 10 mins with auto refresh.

MCX Mentha Oil Trading System 2 :


MCX Mentha Oil

How to Trade the MCX Mentha Oil Multiple Super Trend Chart

BUY Trade Entry

When both super trend indicators are in uptrend. In other words two green stop loss lines below the candlestick.

BUY Trade Exit

When either of the super trend goes in downtrend.

SELL Trade Entry

When both super trend indicators are in downtrend. In other words two red stop loss lines above the candlestick

SELL Trade Exit

When either of the super trend goes in uptrend.

We have further improved the famous super trend strategy by using two different super trend indicators for generating trade call signals. The strategy increase profits by almost 70% by using two super trend indicators and also helps in exiting fast from the market when the trend is not intact.

MCX Mentha Oil Price Technical Analysis


Quant's Today Trend score for MCX Mentha Oil is 5.00

* A trend score of greater than 5 signals that the commodity is bullish for the day while trend score of less than 2 signals bearish trend*

Indicator

Value

Signal

RSI

RSI is 54.43

Neutral

MACD

MACD : -7.36

Signal Line : -8.53

Bullish

Stochastic

%D is 41.18

%K is 57.54

Bullish

MFI

36.98

Neutral

Aroon

0.00

Bearish

Bollinger Band

BBTop is 993.65

BBBot is 896.15

Neutral

Simple Moving Average Short Term

SMA(15) is 934.85

Bullish

Simple Moving Average Mid Term

SMA(45) 951.26

Bullish

Simple Moving Average Long Term

SMA(100) 961.33

Bearish

MCX Mentha Oil Interactive Real Time 5 Mins Intraday Chart


MCX Mentha Oil Overview


Mentha oil is an essential oil extracted from aromatic herbs, through a steam distillation process. In India, mint leaves or pud​​​​ina is the most common herb used to produce Mentha oil.

The botanical name of the herb source is Mentha arvensis, these leaves are processed to produce Mentha oil, menthol, peppermint and other derivatives. Mentha derivatives are commonly used in pharmaceutical industry, food manufacturing, perfumes and flavoring agents.

A chemical analysis of Mentha oil would reveal that the primary components of this essential oil are menthol, isomenthone, limonene, iso-menthanol and menthol acetate. From time immemorial mint leaves have been an essential part of ayurvedic treatments for respiratory diseases, inflammation and digestive disorders such as colic pain.

Mentha oil with its distinct aroma and medicinal properties is now a popular therapeutic element used in medicines around the world.

Importance of Mentha Oil

Mentha oil as an essential oil derived from herbs holds great importance in pharmaceutical, cosmetic and food manufacturing industry. The herb Mentha arvensis itself has held great significance in the Indian kitchens and the science of Ayurveda for ages.

Mentha oil is known to possess antiseptic, anti-microbial and anti-bacterial properties which makes it a valuable ingredient for pharmaceutical products. Apart from stomach pains and chest pains, it is also good for treating an irritable bowel syndrome.

Cultivation & Production of Mentha Oil

The essential oil Mentha and the herb Mentha arvensis was brought to India from Japan in the nineteenth century. Since then, it has become an integral part of our culture as an important spice and medicinal herb. The Mentha herb is best grown in sub-tropical and tropical climates.

It grows perennially and may be harvested in the months of May to July.

India is the largest producer of Mentha arvensis and Mentha oil in the world. Other producers include China, Brazil and USA. The regions in India where the cultivation of this herb is most common, are: Uttar Pradesh, Himachal, Punjab, Haryana and Bihar.

Total cultivated area has been estimated to be more than one hundred and twenty five thousand hectares. The district producing and trading the highest amount of the Mentha herb is Chandausi in Uttar Pradesh.

India cultivates up to eight varieties of mentha out of which three are most widely exported to international markets, while the others are consumed in India. Up until 2013 the annual production of mentha oil in India was estimated to be forty five thousand tons.

Countries importing Mentha oil include UK, USA, Japan, France, Germany, Argentina and Brazil. Most countries import this essential oil for use in cosmetics, pharmaceuticals, food manufacturing, insecticides, room fresheners and perfumes apart from culinary use as a spice.

The process of extracting Mentha oil from the herb begins at the flowering stage of the Mentha herb. It comprises of steam distillation and filtration of dried leaves to obtain a golden yellow volatile oil. This natural oil yields up to fifty percent menthol and fifty percent dementholised oil – depending upon the species of the herb being used.

Usually it is the leaves and the flowering tips which are used in this process. Apart from steam distillation, hydro distillation and field distillation may also be used.

For production of menthol, the herbs are sent from farms to distilleries and the oil distilled oil is sent to a crystallization unit wherein menthol is separated from Mentha oil to be used separately.

Uses of Mentha Oil

Some of the important uses of Mentha oil are:

  • Pharmaceutical Industry: Mentha oil exhibits antidepressant, stimulant, carminative, antiseptic, expectorant, antispasmodic, antioxidant, antimicrobial, antifungal, analgesic, detoxifying, anti-pruritic, diaphoretic and anti-flatulent properties. This makes it an important ingredient in all medicines relating to digestive disorders, respiratory diseases, fever and menstruation.
  • Cosmetics: Mentha oil with its anti-microbial and anti-bacterial properties proves very useful as a preventive drug for acne and pimple prone skin. Therefore, a lot of cosmetics manufacturers use Mentha oil as an ingredient in soaps, skin creams, moisturizers and anti-rash creams.
  • Aromatherapy:  Mentha oil is an important ingredient in aromatic products such as massage oils, perfumes and sprays. It is also widely used to manufacture room fresheners and to suppress the unpleasant smell of insecticides. Finally, mentha oil helps flavor tooth pastes and mouth washes to help fight bad breath and odor.

Factors influencing the price of Mentha Oil

International factors:

  • USD-INR rate: As for any important export, the value of the Indian rupee substantially influences the price of the commodity in the export market. Similarly, Mentha oil is susceptible to a price change depending upon the changes in currency valuation.
  • International Demand: The price of Mentha oil depends heavily on the demand for the essential oil from the major importers. A fall in the demand for Mentha oil from Europe, US, China or Singapore may result in a change in the commodity price.
  • Price of synthetic Mentha oil: Synthetic Mentha oil is a cheaper alternative to naturally distilled Mentha oil that India exports. If the price of synthetic oil changes, it is bound to influence the price of natural Mentha oil as well.

Domestic Factors

  • Climate: Climatic conditions in the primary cultivation areas of the Mentha herb may influence the production quantity in a year. Heavy rains or a cold wave during the flowering season may change the crops oil yielding capacity.
  • Consumption: A lot of pharma companies increase their demand for Mentha oil in the winter, while there is less demand in the summer season. This influences the price of Mentha oil.
  • Stock: Existing stock of Mentha oil, carry forward stocks and stocks available with farmers are also a strong influencers of price of Mentha Oil.

Risks and reasons to invest in Mentha Oil

Mentha oil is an export oriented commodity which is traded on the MCX in India. As India is the largest exporter of this commodity, price volatility is an important risk to be considered when investing in Mentha oil.

In the past few years it has been observed that a fall in the production of Mentha Oil owing to low finances available to farmers or unfavorable weather conditions results in a surge in prices. One must keep in mind that the production of Mentha Oil is dependent on these conditions and may end up influencing the commodity price in the long run.

Similarly the risk of hoarding by farmers, distillers and other middle men in anticipation of a rise in prices may also render the prices of Mentha Oil volatile.

On the other hand, being a commodity predominantly produced and exported from India makes Mentha oil an attractive option for most investors. It is easier to understand the dynamics of this commodity and market conditions that may influence the price of Mentha Oil as the export hub of Mentha Oil is closer home.

Contract Specifications


Symbol

MENTHAOIL

Description

MENTHAOILMMMYY

Contract Listing

Contracts are available as per the Contract Launch Calendar

Contract Start Day

1 st day of contract launch month

Last Trading Day

Last calendar day of the contract expiry month.

Price Quote

Per kilogram 1 kg

Lot size

360 kg (2 drums)

Tick Size

Rs. 0.10 ( 10 paise )

Profit/Loss made for every ₹ 1 change

Rs. 360

Trading Period

Monday to Friday

Trading Timings

10.00 a.m. to 5.00 p.m.

Commodity Group

Agri Commodities

Instrument Type

COMMODITY FUTURES

Initial Margin

Minimum 4% or based on SPAN whichever is higher.

Contract Launch Calendar


Contract Launch Months

Contract Expiry Months

October 2017

January 2018

November 2017

February 2018

December 2017

March 2018

January 2018

April 2018

January 2018

May 2018

January 2018

June 2018

February 2018

July 2018

April 2018

August 2018

June 2018

September 2018

July 2018

October 2018

August 2018

November 2018

September 2018

December 2018

* Contract Launch Calendar Source MCXINDIA https://www.mcxindia.com/home

MCX Mentha Oil Price Rate History


Date

Price

Open

High

Low

Volume

09/06/21

942.00

925.00

942.00

919.50

27.00

08/06/21

925.00

917.20

927.00

917.00

5.00

07/06/21

917.00

918.00

924.00

917.00

11.00

04/06/21

926.90

922.00

927.50

913.00

6.00

03/06/21

916.00

915.50

916.00

915.50

7.00

02/06/21

912.50

911.20

914.70

899.00

15.00

01/06/21

914.00

925.00

925.00

910.50

16.00

25/05/21

912.00

910.00

934.00

910.00

11.00

24/05/21

920.00

932.00

932.00

912.50

9.00

21/05/21

940.00

952.00

953.80

940.00

12.00

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