Mentha oil dips on muted demand : 23/10/2018

Mentha oil dips on muted demand : 23/10/2018


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Mentha oil dips on muted demand
23/10/2018 15:44
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.

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 1718.00 per kg down by 0.49 per cent after opening at Rs 1719.00 against the previous closing price of Rs 1726.50. It touched the intra-day low of Rs 1711.80 (at 15:45 hours).