Published on 12/10/2018 2:10:06 PM | Source: Dion Global Solutions Ltd

Mentha oil futures extend weakness on muted demand

Posted in Commodity Top News| #Mentha oil #MCX #Commodity

Mentha oil futures were trading lower during the noon trade in the domestic market on Friday 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 1695.00 per kg down by 0.80 per cent after opening at Rs 1700.10 against the previous closing price of Rs 1708.60. It touched the intra-day low of Rs 1687.30 .