Multi Commodity Exchange of India (MCX) has witnessed a record delivery of 13.5 lakh kg valued at approximately Rs 156 crore executed in MCX Mentha Oil June 2015 contract. This is the highest delivery executed in Mentha Oil in terms of both value and quantity, on the exchange platform, since the contract’s launch in 2005.
Mentha Oil futures on the exchange have significant participation from all spectrum of participants, including the entire gamut of physical market participants, such as aggregators, traders, processors, exporters who manage their price risks by trading on MCX platform.
The consumption of Mentha Oil, which is extracted from Mint leaves, is very high in India considering its extensive usage for a wide range of products within the namely hygiene products, FMCG, Pharmaceutical, perfumery and confectionary.