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Mentha oil futures drop 0.53% on ample stocks

Press Trust of India  |  New Delhi 

Mentha futures fell 0.53 per cent to Rs 954.10 per kg today as speculators trimmed positions, driven by sluggish demand from consuming industries at the spot market.

Further, ample stocks position on higher supplies from Chandausi in too weighed on mentha prices.



At the Multi Commodity Exchange, mentha for delivery this month contract declined by Rs 5.10, or 0.53 per cent, to Rs 954.10 per kg in a business turnover of 309 lots.

Likewise, the for delivery in May contract traded lower by Rs 4.50, or 0.46 per cent, to Rs 965.30 per kg in 109 lots.

Analysts said, offloading of positions by participants owing to slackened demand from consuming industries in spot market against ample stocks position on increased supplies from Chandausi in mainly led to the decline in mentha prices at futures trade.

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

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Mentha oil futures drop 0.53% on ample stocks

Mentha oil futures fell 0.53 per cent to Rs 954.10 per kg today as speculators trimmed positions, driven by sluggish demand from consuming industries at the spot market. Further, ample stocks position on higher supplies from Chandausi in Uttar Pradesh too weighed on mentha oil prices. At the Multi Commodity Exchange, mentha oil for delivery this month contract declined by Rs 5.10, or 0.53 per cent, to Rs 954.10 per kg in a business turnover of 309 lots. Likewise, the oil for delivery in May contract traded lower by Rs 4.50, or 0.46 per cent, to Rs 965.30 per kg in 109 lots. Analysts said, offloading of positions by participants owing to slackened demand from consuming industries in spot market against ample stocks position on increased supplies from Chandausi in Uttar Pradesh mainly led to the decline in mentha oil prices at futures trade. Mentha futures fell 0.53 per cent to Rs 954.10 per kg today as speculators trimmed positions, driven by sluggish demand from consuming industries at the spot market.

Further, ample stocks position on higher supplies from Chandausi in too weighed on mentha prices.

At the Multi Commodity Exchange, mentha for delivery this month contract declined by Rs 5.10, or 0.53 per cent, to Rs 954.10 per kg in a business turnover of 309 lots.

Likewise, the for delivery in May contract traded lower by Rs 4.50, or 0.46 per cent, to Rs 965.30 per kg in 109 lots.

Analysts said, offloading of positions by participants owing to slackened demand from consuming industries in spot market against ample stocks position on increased supplies from Chandausi in mainly led to the decline in mentha prices at futures trade.

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

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Business Standard
177 22

Mentha oil futures drop 0.53% on ample stocks

Mentha futures fell 0.53 per cent to Rs 954.10 per kg today as speculators trimmed positions, driven by sluggish demand from consuming industries at the spot market.

Further, ample stocks position on higher supplies from Chandausi in too weighed on mentha prices.

At the Multi Commodity Exchange, mentha for delivery this month contract declined by Rs 5.10, or 0.53 per cent, to Rs 954.10 per kg in a business turnover of 309 lots.

Likewise, the for delivery in May contract traded lower by Rs 4.50, or 0.46 per cent, to Rs 965.30 per kg in 109 lots.

Analysts said, offloading of positions by participants owing to slackened demand from consuming industries in spot market against ample stocks position on increased supplies from Chandausi in mainly led to the decline in mentha prices at futures trade.

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

image
Business Standard
177 22