Muted demand drags mentha oil futures
07/09/2016 10:49
Mentha oil futures were trading lower during the morning trade in the domestic market on Wednesday as participants indulged in trimming their positions 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 cut down of bets by traders in the spot market, influenced prices of mentha oil at futures trade. At the MCX, mentha oil futures for September 2016 contract were trading at Rs 903 per kg, down by 0.18 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 901.50 (at 10:49 hours).
07/09/2016 10:49
