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Mentha oil futures decline 0.32 pc on sluggish demand

Press Trust of India  |  New Delhi 

Mentha prices drifted lower by 0.32 per cent to Rs 939.10 per kg in futures trade today as speculators cut down their bets owing to easing demand from consuming industries at the spot market.

At the Multi Commodity Exchange, mentha for delivery in August fell by Rs 3, or 0.32 per cent, to Rs 939.10 per kg in a business turnover of 116 lots.

Similarly, the for delivery in August traded lower by Rs 3.10, or 0.32 per cent, to Rs 951.50 per kg in 15 lots.

Analysts said, offloading of positions by participants on the back of subdued demand from consuming industries in the physical market against ample stocks position on increased supplies from Chandausi in Uttar Pradesh, mainly influenced mentha oil 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, July 12 2017. 11:07 IST