Mentha oil futures down on weak demand
21/07/2017
Mentha oil futures were trading lower during the morning trade in the domestic market on Friday as investors and speculators cut 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 July 2017 contract was trading at Rs 972 per kg, down by 0.82 per cent, after opening at Rs 975, against the previous closing price of Rs 980. It touched the intra-day low of Rs 971.10 (at 11:26 hours).
21/07/2017
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Mentha oil futures were trading lower during the morning trade in the domestic market on Friday as investors and speculators cut 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 July 2017 contract was trading at Rs 972 per kg, down by 0.82 per cent, after opening at Rs 975, against the previous closing price of Rs 980. It touched the intra-day low of Rs 971.10 (at 11:26 hours).
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