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Mentha oil futures drop 0.92% on ample stocks

Press Trust of India  |  New Delhi 

futures fell 0.92 per cent to Rs 1,420.90 per kg today as speculators trimmed positions, driven by subdued demand from consuming industries at the spot market.

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

At the Multi Commodity Exchange, for delivery in current month contract declined by Rs 13.30, or 0.92 per cent, to Rs 1,420.90 per kg in a business turnover of 89 lots.

Likewise, the for delivery in March contracts traded lower by Rs 12.60, or 0.87 per cent, at Rs 1,420 per kg in 41 lots.

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

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

First Published: Wed, February 14 2018. 11:25 IST