Mentha Oil Fundamentals

Mentha oil fundamentals (in tonnes)

India 2004/05 2005/06 2006/07e 2007/08e 2008/09e

Production 14,000 22,000 25,000 33,000 32,000

Exports 11,143 14,544 16,250 21,100 20,500
Average daily volatility of MCX spot prices
Sambhal market - 2.39% 3.53% 0.98% 1.71%
Source: Indian Spices Board, MCX & Industry sources for production; e - estimates
Mentha Oil Prices and Trading Activities

Futures and spot prices of Mentha oil at MCX MCX spot prices (Rs/Kg)
Month Monthly MCX Futures Prices (Rs/Kg) Sambhal
Volume Open Interest Monthly Month’s
Open High Low Close in lots^ in lots^^ Average High
Apr-04 N/T N/T N/T N/T N/T N/T N/T N/T
May-04 N/T N/T N/T N/T N/T N/T N/T N/T
Jun-04 N/T N/T N/T N/T N/T N/T N/T N/T
Jul-04 N/T N/T N/T N/T N/T N/T N/T N/T
Aug-04 N/T N/T N/T N/T N/T N/T N/T N/T
Sep-04 N/T N/T N/T N/T N/T N/T N/T N/T
Oct-04 N/T N/T N/T N/T N/T N/T N/T N/T
Nov-04 N/T N/T N/T N/T N/T N/T N/T N/T
Dec-04 N/T N/T N/T N/T N/T N/T N/T N/T
Jan-05 N/T N/T N/T N/T N/T N/T N/T N/T
Feb-05 N/T N/T N/T N/T N/T N/T N/T N/T
Mar-05 N/T N/T N/T N/T N/T N/T N/T N/T
Apr-05 358 358 343.2 343.8 1107 86 372.75 374.4
May-05 347 367.9 342 360.7 12038 262 381.17 385.6
Jun-05 358 502 355.5 451.6 16660 442 410.23 460.8
Jul-05 478 583 475.1 536.6 41892 1052 483.41 546.2
Aug-05 587.9 596.9 436.1 451.2 82437 3649 489.37 531.8
Sep-05 479 515 388 425.1 118053 5023 431.49 468.2
Oct-05 422.2 446 416.6 437.6 77373 4141 428.21 440
Nov-05 N/A N/A N/A N/A 161688 4918 477.08 511.1
Dec-05 535.5 849 533.5 733.6 371835 6731 606.54 761.4
Jan-06 654.6 659.7 647.2 649.3 308428 13447 723.15 780.8
Feb-06 742.6 794.8 430.5 446 359277 18565 595.9 686.6
Mar-06 452.2 452.5 370 426.8 192699 14938 457.46 475.4
Apr-06 426.8 464.9 423.9 438.2 84834 9347 477.51 491.5
May-06 441.4 534.4 419 452.2 102777 6779 488.8 510.3
Jun-06 460 510.5 411 510.5 109564 5313 464.59 511
Jul-06 513 594.9 513 547.9 208836 6498 547.52 570.2
Aug-06 558.6 588.9 542 550.1 84591 6264 552.12 560
Sep-06 571.8 743.5 571.7 706.2 320442 6784 664.12 725.7
Oct-06 733.9 737.8 631.9 646.8 193166 8607 674.36 701.6
Nov-06 664 692.3 578.6 654.1 238784 8769 646.81 695.8
Dec-06 672.1 682.4 583 596.7 224832 9025 664.87 941.8
Jan-07 584.9 586.4 516 571.9 230527 6403 612.74 641.1
Feb-07 575 614.4 556.5 561.3 124854 4492 606.67 615.4
Mar-07 575 578.8 526 550.3 92361 5071 580.88 603
Apr-07 558.5 637 557 633.6 92450 4310 588.33 608.2
May-07 584.2 601.5 480 487.4 41988 3185 576.89 593.9
Jun-07 500 569.2 487.3 558.2 46059 3307 519.45 530.7
Jul-07 510 520.4 482.2 504.9 30499 2361 506.46 519.1
Aug-07 515.1 556.5 510.7 522.6 44321 3575 534.04 547.1
Sep-07 534.5 540.7 481 488.9 40186 5957 525.15 539.3
Oct-07 502.1 517 465 479.6 31074 5313 517.72 526.3
Nov-07 488.2 491.7 422.5 448.3 22061 4520 494.18 516.9
 Dec-07 441.5 456.2 415.1 420.5 20369 3125 490.89 499.4
Jan-08 429.2 456.8 421.1 442.2 38471 2404 493.8 511
Feb-08 448.2 464 417.5 423.5 51737 1881 504.58 512.4
Mar-08 423 459.9 414 435.3 32690 1726 497.37 510.5
Apr-08 439.5 449.1 431.2 437.8 3491 1017 499.99 504.6
May-08 443 487 443 448 8173 976 513.54 520.4
Jun-08 458.5 537.2 449.8 524 18170 1818 525.54 564.8
Jul-08 532 775.9 528.5 689.1 73301 3725 704.02 791.9
Aug-08 700 700 608 621.4 44356 4922 648.66 703.6
Sep-08 627.5 634.4 564 586.4 35041 5446 625.35 641.4
Oct-08 601.4 610 464 497.7 30086 5710 591.01 619.6
Nov-08 517 529.9 446 506.9 34368 5557 540.83 566.8
Dec-08 521 619 506.5 537.6 55139 5352 594.63 637.1
Jan-09 546 578.9 518 523.9 35485 3082 588.08 614.8
Feb-09 537 541 497.2 517 15937 2741 563.52 572.2
Mar-09 522.7 603.9 521.5 550.9 24443 2814 588.85 611.3
Source: MCX , N/T-Not traded, N/A-Not available; ^Aggregate volume in all contracts during the month; ^^Cumulative
open interest in all contracts at the end of month.
spot prices (Rs/Kg)
Sambhal
Month’s
Low
N/T
N/T
N/T
N/T
N/T
N/T
N/T
N/T
N/T
N/T
N/T
N/T
368.4
376
366.2
459.7
447.2
400.3
415
434.2
509.2
624.1
478.3
434.8
451.4
465.4
429
505.1
534.5
563.6
652.8
593
639.4
596.1
596.2
554.7
560.9
508
504.8
484.2
513.4
506.8
512.4
479.7
 478.7
481
497.2
477.1
496.9
501.6
497.8
549.8
622.6
612.3
562.3
497.8
554.7
573.2
550.7
575.9
e month; ^^Cumulative
Mentha Oil Graphs Graphs
Graph - 1

Mentha Oil: Production, Exports & Prices

in tonnes
35,000 Production(Tons) Exports(Tons) Prices
30,000
25,000
20,000
15,000
10,000
5,000
0
2004/05 2005/06 2006/07 2007/08 2008/0
Source: Spices Board, MCX & Industry Sources. Average Spot Prices of MCX fo
of March
 Exports & Prices
Rs/qntl
ports(Tons) Prices 700
600
500
400
300
200
100
0
07 2007/08 2008/09
verage Spot Prices of MCX for the month