Low demand drags down mentha oil futures by 1.15%

Image
Press Trust of India New Delhi
Last Updated : Sep 04 2017 | 11:13 AM IST
Mentha oil prices drifted lower by 1.15 per cent to Rs 1,189 per kg in futures market today as speculators trimmed their positions, taking negative cues from spot market on tepid demand from industries.
At the Multi Commodity Exchange, mentha oil for delivery in September fell by Rs 13.80, or 1.15 per cent, to Rs 1,189 per kg, in a business turnover of 292 lots.
Likewise, the oil for delivery in October declined by Rs 12, or 0.99 per cent, to Rs 1,205 per kg in 67 lots.
Analysts said offloading of position by participants owing to slackened demand from consuming industries in the physical market mainly weighed on mentha oil prices at futures trade.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 04 2017 | 11:13 AM IST

Next Story