Mentha oil futures down on subdued demand : 18/09/2018

Mentha oil futures down on subdued demand : 18/09/2018


Commodity Segment 


 Free Intraday Tips : Join Our Whatsapp No : 9841986753
  Free Commodity Tips : Join our Whatsapp No : 9094047040

Mentha oil futures down on subdued demand
18/09/2018 13:41
Mentha oil futures were trading lower during the afternoon trade in the domestic market on Tuesday as investors and speculators cut down their positions in the agri-commodity amid muted physical demand for mentha oil from major consuming industries in the domestic spot market.

Further exiting of bets by traders in the spot market was due to a fall in physical demand for mentha oil from consuming industries at the domestic spot market against sufficient stocks position on higher supplies from producing regions.

At the MCX mentha oil futures for September 2018 contract was trading at Rs 1653 per kg down by 1.51 per cent after opening at Rs 1691.70 against the previous closing price of Rs 1678.40. It touched the intra-day low of Rs 1635.60(at 13:44 hours).