Mentha oil falls on slump in demand
Speculators trimmed positions in mentha futures, triggered by muted demand from consuming industries.
NEW DELHI: Mentha oil prices fell in the domestic futures market on Monday on lower demand coupled with adequate arrival from producing regions.
Around 11:15 am, MCX Mentha oil was at Rs 1,669.10 per kg, lower by Rs 21.50, or 1.27 per cent.
Speculators trimmed positions in mentha futures, triggered by muted demand from consuming industries at the spot market and adequate stocks on higher supplies from the major producing regions.
As per brokerage Geojit Financial Services, mentha oil is likely to witness a choppy trade, in the range of Rs 1,725-1,660, for the session.
Around 11:15 am, MCX Mentha oil was at Rs 1,669.10 per kg, lower by Rs 21.50, or 1.27 per cent.
Speculators trimmed positions in mentha futures, triggered by muted demand from consuming industries at the spot market and adequate stocks on higher supplies from the major producing regions.
As per brokerage Geojit Financial Services, mentha oil is likely to witness a choppy trade, in the range of Rs 1,725-1,660, for the session.
