Mentha oil slips on soft physical demand 19/08/2016 13:35

Mentha oil slips on soft physical demand
19/08/2016 13:35

Mentha oil futures fell during noon trade in the domestic market on Friday as investors and speculators exited positions in the agri-commodity amid weak physical demand for mentha oil from major consuming industries in the domestic spot market.
Further, abundant supplies amid higher physical arrivals from the major mentha oil producing belts in the country also exerted downward pressure on domestic mentha oil prices.
At the MCX, mentha oil futures for August 2016 contract were trading at Rs 885.4 per kg, down by 0.30 per cent after opening at Rs 888.50, against the previous closing price of Rs 888.10. It touched the intra-day low of Rs 883.50 (at 13:33 PM).