Mentha oil futures trade down on ample stocks
08/05/2015 14:39
Mentha oil futures traded lower at the domestic markets as speculators offloaded their positions amid lower demand from consuming industries in the spot market. Further, ample stocks position in the physical market too added pressure on mentha oil prices at futures trade.
At MCX, Mentha oil futures for May 2015 contract, at MCX, were trading at Rs. 922.90 per kg, down by 2.63 per cent after opening at Rs. 957 against the previous closing price of Rs. 947.80. It touched the intra-day low of Rs. 917.30 till the trading. (At 2.32 PM today).
08/05/2015 14:39
Mentha oil futures traded lower at the domestic markets as speculators offloaded their positions amid lower demand from consuming industries in the spot market. Further, ample stocks position in the physical market too added pressure on mentha oil prices at futures trade.
At MCX, Mentha oil futures for May 2015 contract, at MCX, were trading at Rs. 922.90 per kg, down by 2.63 per cent after opening at Rs. 957 against the previous closing price of Rs. 947.80. It touched the intra-day low of Rs. 917.30 till the trading. (At 2.32 PM today).
