Thursday, September 29, 2016

On muted demand Mentha oil futures fall into market today

Mentha oil futures during the morning trade were trading low in the domestic market on Thursday as participants remained on the sidelines in the agri-commodity among muted 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 decline in physical demand for mentha oil from consuming industries at the domestic spot market against sufficient stocks position on significant supplies from producing regions, influencted mentha oil prices at futures trade.

At the MCX, mentha oil futures for Sept 2016 contract were trading at Rs 862.30 per kg, downward by 0.20 % after opening at Rs 862, against the last closing price of Rs 864. It touched the intra-day low of Rs 855.10.

Read More- Mentha Oil Updates