Mentha oil dips on muted demand : 16/10/2018
Mentha oil dips on muted demand
16/10/2018 14:37
Mentha oil futures were trading lower during the noon trade in the domestic market on Tuesday as speculators reduced their holdings amid low demand from industries at the spot market.
Besides, ample stocks position on higher supplies from producing regions, too, weighed on mentha oil prices.
Marketmen attributed continuous fall in mentha oil prices at futures trade to reducing of holdings by participants, tracking subdued demand at the spot markets.
At the MCX mentha oil futures for October 2018 contract was trading at Rs 1710.10 per kg down by 0.34 per cent after opening at Rs 1721.00 against the previous closing price of Rs 1715.9 . It touched the intra-day low of Rs 1700.00 (at 14:37 hours).
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Mentha oil dips on muted demand
16/10/2018 14:37
Mentha oil futures were trading lower during the noon trade in the domestic market on Tuesday as speculators reduced their holdings amid low demand from industries at the spot market.
Besides, ample stocks position on higher supplies from producing regions, too, weighed on mentha oil prices.
Marketmen attributed continuous fall in mentha oil prices at futures trade to reducing of holdings by participants, tracking subdued demand at the spot markets.
At the MCX mentha oil futures for October 2018 contract was trading at Rs 1710.10 per kg down by 0.34 per cent after opening at Rs 1721.00 against the previous closing price of Rs 1715.9 . It touched the intra-day low of Rs 1700.00 (at 14:37 hours).
