 "Mentha oil down 0.4% on sluggish demand")
Mentha oil prices declined 0.42% to Rs 871.10 per kg in futures trade today as traders reduced their positions, tracking a weak trend at spot market on sluggish industrial demand.
Besides, adequate stocks position in the physical market following higher arrivals from Chandouisi in Uttar Pradesh also put pressure on mentha oil.
At the Multi Commodity Exchange, mentha oil for delivery in April drfited by Rs 3.70, or 0.42%, to Rs 871.10 per kg in business turnover of 154 lots.
Market analysts said reducing of positions by participants, triggered by sluggish industrial demand in the spot market mainly led to fall in mentha oil prices at futures market.
Besides, adequate stocks position in the physical market following higher arrivals from Chandouisi in Uttar Pradesh also put pressure on mentha oil.
At the Multi Commodity Exchange, mentha oil for delivery in April drfited by Rs 3.70, or 0.42%, to Rs 871.10 per kg in business turnover of 154 lots.
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Similarly, the oil for delivery in May declined by Rs 3.50, or 0.39%, to Rs 882 per kg in 53 lots.
Market analysts said reducing of positions by participants, triggered by sluggish industrial demand in the spot market mainly led to fall in mentha oil prices at futures market.
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