Mentha oil futures slide on diminishing demand
22/08/2016 10:47
Mentha oil futures were trading lower during the morning trade in the domestic market on Monday as participants trimmed their positions in the agri-commodity amid muted physical demand from major consuming industries for mentha oil in the domestic spot market. Further, a fall in demand for mentha oil futures was attributed to widening 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 884.40 per kg, down by 0.19 per cent after opening at Rs 887.90, against the previous closing price of Rs 886.10. It touched the intra-day low of Rs 881.10 (at 10:45 hours).
