Published on 19/05/2017 11:10:24 AM | Source: Dion Global Solutions Ltd

Mentha oil futures slip 0.30% on ease in demand

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

Mentha oil futures were trading lower during morning trade in the domestic market on Friday as participants remained on the sidelines in the agri-commodity amid subdued 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 958.50 per kg, down by 0.30 per cent after opening at Rs 955.60, against the previous closing price of Rs 961.40. It touched the intra-day low of Rs 955.60 (at 10:41 hours).