You are here: Home » PTI Stories » National » News
Business Standard

Easing demand drags down mentha oil futures by 0.58%

Press Trust of India  |  New Delhi 

Mentha prices softened by 0.58 per cent to Rs 1,210.10 per kg in futures market today as speculators trimmed their positions, driven by easing demand from consuming industries in the spot market.

At the Multi Commodity Exchange, mentha for delivery in October declined by Rs 7.10, or 0.58 per cent to Rs 1,210.10 per kg in business turnover of 23 lots.


Likewise, the for delivery in September contracts shed Rs 7, or 0.58 per cent to Rs 1,196.90 per kg in 198 lots.

Analysts said offloading of position by participants owing to muted demand from consuming industries in the physical market against adequate stocks position on increased supplies from producing belts, mainly weighed on mentha prices at futures trade.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, September 13 2017. 11:28 IST
RECOMMENDED FOR YOU