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Muted demand drags down mentha oil futures 0.31 pc

Press Trust of India  |  New Delhi 

Mentha prices eased by 0.31 per cent to Rs 995 per kg in futures trade today as speculators trimmed positions, triggered by sluggish demand from consuming industries at the spot market.

At the Multi Commodity Exchange, mentha for delivery this month eased by Rs 3.10, or 0.31 per cent, to Rs 995 per kg in a business turnover of 99 lots.



On similar lines, the for April delivery traded lower by Rs 1.80, or 0.17 per cent, to Rs 1,005.90 per kg in 40 lots.

Analysts said, offloading of positions by participants due to subdued demand from consuming industries in spot market against ample stocks position on higher supplies from Chandausi in Uttar Pradesh, 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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Muted demand drags down mentha oil futures 0.31 pc

Mentha oil prices eased by 0.31 per cent to Rs 995 per kg in futures trade today as speculators trimmed positions, triggered by sluggish demand from consuming industries at the spot market. At the Multi Commodity Exchange, mentha oil for delivery this month eased by Rs 3.10, or 0.31 per cent, to Rs 995 per kg in a business turnover of 99 lots. On similar lines, the oil for April delivery traded lower by Rs 1.80, or 0.17 per cent, to Rs 1,005.90 per kg in 40 lots. Analysts said, offloading of positions by participants due to subdued demand from consuming industries in spot market against ample stocks position on higher supplies from Chandausi in Uttar Pradesh, mainly led to the decline in mentha oil prices at futures trade. Mentha prices eased by 0.31 per cent to Rs 995 per kg in futures trade today as speculators trimmed positions, triggered by sluggish demand from consuming industries at the spot market.

At the Multi Commodity Exchange, mentha for delivery this month eased by Rs 3.10, or 0.31 per cent, to Rs 995 per kg in a business turnover of 99 lots.

On similar lines, the for April delivery traded lower by Rs 1.80, or 0.17 per cent, to Rs 1,005.90 per kg in 40 lots.

Analysts said, offloading of positions by participants due to subdued demand from consuming industries in spot market against ample stocks position on higher supplies from Chandausi in Uttar Pradesh, 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

Muted demand drags down mentha oil futures 0.31 pc

Mentha prices eased by 0.31 per cent to Rs 995 per kg in futures trade today as speculators trimmed positions, triggered by sluggish demand from consuming industries at the spot market.

At the Multi Commodity Exchange, mentha for delivery this month eased by Rs 3.10, or 0.31 per cent, to Rs 995 per kg in a business turnover of 99 lots.

On similar lines, the for April delivery traded lower by Rs 1.80, or 0.17 per cent, to Rs 1,005.90 per kg in 40 lots.

Analysts said, offloading of positions by participants due to subdued demand from consuming industries in spot market against ample stocks position on higher supplies from Chandausi in Uttar Pradesh, 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