Tuesday, September 27, 2016

Mentha oil futures down by 0.22% today in market

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