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Mentha oil futures remain weak, shed 1.15% on low demand

Press Trust of India  |  New Delhi 

Falling for the second day, mentha prices drifted further down 1.15 per cent to Rs 937.10 per kg in futures trade today as speculators engaged in cutting down their bets, tracking a weak trend at spot market on fall in demand.

At the Multi Commodity Exchange, mentha for delivery in July moved down by Rs 10.90, or 1.15 per cent to Rs 937.10 per kg in business turnover of 488 lots.

Likewise, the for delivery in August contracts was trading lower by Rs 10.30, or 1.07 per cent to Rs 949 per kg in 81 lots.

Analysts said offloading of positions by participants, driven by easing demand from consuming industries in the physical market against ample stocks position on increased supplies from Chandausi in Uttar Pradesh, mainly kept mentha prices down at futures trade.

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

First Published: Thu, July 13 2017. 11:42 IST