During the morning trade Mentha oil
futures were trading low in the domestic market on Tuesday as participants continue
to exist on the sidelines in the
agri-commodity amid a fall in physical demand for mentha oil from major
consuming industries in the domestic spot market.
Moreover, trimming of positions by
traders in the spot market due to a slide in demand for mentha oil from
consuming industries at the spot market against sufficient stocks position on
high supplies from producing regions, influenced mentha oil prices to trade
lower at futures trade.
At the MCX, mentha oil futures for
September 2016 contract were trading at Rs 869 per kg, down by 0.22 % after
opening at Rs 869, against the previous closing price of Rs 870.90. It touched
the intra-day low of Rs 866.70.
Read More- Mentha oil updates
Read More- Mentha oil updates
