Mentha oil futures drop on subdued demand 25/08/2016

Mentha oil futures drop on subdued demand
25/08/2016 10:38

Mentha oil futures were trading lower during the morning trade in the domestic market on Thursday as participants cut down their bets in the agri-commodity amid fall in physical demand from major consuming industries for mentha oil in the domestic spot market.
Further, a decline in demand for mentha oil futures was attributed to trimming of positions by traders in the spot market, influenced prices of mentha oil at futures trade.
At the MCX, mentha oil futures for August 2016 contract were trading at Rs 898 per kg, down by 0.31 per cent after opening at Rs 900, against the previous closing price of Rs 900.80. It touched the intra-day low of Rs 890.10 (at 10:35 hours).