Higher supplies, lower demand weighs on mentha oil future
08/09/2014 15:16
Mentha oil prices fell by 0.87 per cent on Monday at the Multi Commodity Exchange (MCX) as a result of the increased arrivals of the commodity in the physical market from the major producing belts in Uttar Pradesh. Sentiment weakened further as the investors indulged in profit-booking in the midst of a fall in demand in the spot market. At MCX, Mentha oil futures for September 2014 contract, at MCX, were trading at Rs. 658.80 per kg, down by 0.87 per cent after opening at Rs. 667.00 against the previous closing price of Rs. 664.60. It touched the intra-day low of Rs. 657.10 till the trading. (At 3.14 PM today).
08/09/2014 15:16
Mentha oil prices fell by 0.87 per cent on Monday at the Multi Commodity Exchange (MCX) as a result of the increased arrivals of the commodity in the physical market from the major producing belts in Uttar Pradesh. Sentiment weakened further as the investors indulged in profit-booking in the midst of a fall in demand in the spot market. At MCX, Mentha oil futures for September 2014 contract, at MCX, were trading at Rs. 658.80 per kg, down by 0.87 per cent after opening at Rs. 667.00 against the previous closing price of Rs. 664.60. It touched the intra-day low of Rs. 657.10 till the trading. (At 3.14 PM today).
