Mentha oil slips on soft physical demand 07/09/2016

Mentha oil slips on soft physical demand
07/09/2016 12:57

Mentha oil futures fell during noon trade in the domestic market on Wednesday as investors and speculators exit 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 regions also exerted downward pressure on domestic prices.
At the MCX, mentha oil futures for September 2016 contract were trading at Rs 901 per kg, down by 0.40 per cent after opening at Rs 905.10, against the previous closing price of Rs 904.60. It touched the intra-day low of Rs 899.4 (at 12:57 PM).