Increased supplies weigh on Mentha Oil future
23/12/2014 15:26
Mentha oil prices fell by 3.99 per cent on Tuesday 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. At MCX, Mentha oil futures for December 2014 contract, at MCX, were trading at Rs. 716.70 per kg, down by 3.99 per cent after opening at Rs. 747.00 against the previous closing price of Rs. 746.40. It touched the intra-day low of Rs. 716.70 till the trading. (At 3.36 PM today). Sentiment weakened further as the investors indulged in profit-booking in the midst of a fall in demand in the spot market.
23/12/2014 15:26
Mentha oil prices fell by 3.99 per cent on Tuesday 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. At MCX, Mentha oil futures for December 2014 contract, at MCX, were trading at Rs. 716.70 per kg, down by 3.99 per cent after opening at Rs. 747.00 against the previous closing price of Rs. 746.40. It touched the intra-day low of Rs. 716.70 till the trading. (At 3.36 PM today). Sentiment weakened further as the investors indulged in profit-booking in the midst of a fall in demand in the spot market.
