Published on 10/05/2017 12:00:58 PM | Source: Dion Global Solutions Ltd

Mentha oil futures little changed on muted demand

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

Mentha oil futures were little changed during morning trade in the domestic market on Wednesday as investors and speculators exited their positions in the agri-commodity amid muted physical demand for mentha oil from major consuming industries in the domestic spot market.

Further, trimming of positions 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, influenced mentha oil prices at futures trade.

At the MCX, mentha oil futures for May 2017 contract is trading at Rs 935 per kg, down by 0.06 per cent, after opening at Rs 936.20, against the previous closing price of Rs 935.60. It touched the intra-day low of Rs 935.60 (at 10:52 hours).