Mentha oil future prices marginally down on muted demand
09/02/2018
Mentha oil future prices marginally down on muted demand
09/02/2018 13:59
Mentha oil futures were trading lower in the domestic market on Friday as investors and speculators trimmed 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 February 2018 contract was trading at Rs 1413.00 per kg, down by 0.07 per cent, after opening at Rs 1407.90, against the previous closing price of Rs 1414.00. It touched the intra-day low of Rs 1397.10 (at 14:00 hours).
09/02/2018
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Mentha oil future prices marginally down on muted demand
09/02/2018 13:59
Mentha oil futures were trading lower in the domestic market on Friday as investors and speculators trimmed 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 February 2018 contract was trading at Rs 1413.00 per kg, down by 0.07 per cent, after opening at Rs 1407.90, against the previous closing price of Rs 1414.00. It touched the intra-day low of Rs 1397.10 (at 14:00 hours).
