Mentha oil futures slide 1.13% on sluggish demand

by - 6:16 pm

Mentha oil futures were trading lower during the evening trade in the domestic market on Wednesday as speculators cut down their bets in the agri-commodity amid a drop in physical demand for mentha oil from major consuming industries in the domestic spot market.

Further, trimming of positions by traders in the spot market led by a decline in 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 October 2016 contract were trading at Rs 858 per kg, down by 1.13 per cent after opening at Rs 869.10, against the previous closing price of Rs 867.80. It touched the intra-day low of Rs 856.10For More Information RipplesAdvisory,Ripples_Advisory,Ripples Market Tips Ripplesadvisory.com and you can call us on :-9827808090.

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