Mentha Oil tanks over 1.7% on soft physical demand
08/08/2016 15:07
Mentha Oil futures tumbled by more than 1.7 per cent during noon trade in the domestic market on Monday as investors and speculators exited positions in the agri-commodity amid sluggish physical demand for mentha oil from major consuming industries in the domestic spot market.
Further, abundant supplies amid higher arrivals from the major mentha oil producing belts in the country also exerted downward pressure on domestic prices.
At the MCX, Mentha oil futures for August 2016 contract were trading at Rs 911.2 per kg, down by 1.74 per cent after opening at Rs 923.60, against the previous closing price of Rs 927.30. It touched the intra-day low of Rs 907 (at 15:05 PM)
08/08/2016 15:07
Further, abundant supplies amid higher arrivals from the major mentha oil producing belts in the country also exerted downward pressure on domestic prices.
At the MCX, Mentha oil futures for August 2016 contract were trading at Rs 911.2 per kg, down by 1.74 per cent after opening at Rs 923.60, against the previous closing price of Rs 927.30. It touched the intra-day low of Rs 907 (at 15:05 PM)
