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Mentha oil futures remain weak on low demand, adequate supply

Press Trust of India  |  New Delhi 

Falling for the second day, mentha prices eased by 0.22 per cent to Rs 952.30 per kg in futures trade today as speculators reduced their positions amid sluggish demand from industries at the spot market.

Adequate stocks position on increased supplies from producing regions too fuelled the downtrend.

At the Multi Commodity Exchange, mentha for delivery in May month declined by Rs 2.10, or 0.22 per cent to Rs 952.30 per kg in business turnover of 76 lots.

On similar lines, the for delivery in June contracts traded lower by 40 paise, or 0.04 per cent to Rs 928.90 per kg in 19 lots.

Marketmen said offloading of positions by traders on the back of subdued demand from consuming industries in the spot market against ample stocks position on increased arrivals from Chandausi in mainly kept mentha oil prices lower at futures trade.

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

First Published: Wed, May 17 2017. 11:22 IST