Mentha oil down 0.92% in futures trade on low demand

Image
Press Trust of India New Delhi
Last Updated : Sep 14 2015 | 12:32 PM IST
Mentha oil prices were down 0.92 per cent to Rs 925.80 per kg in futures trading today due to a weak trend at the spot market and lower demand from consuming industries against higher supplies from major producing belts in Uttar Pradesh.
However, expectations of lower output capped the losses.
At Multi Commodity Exchange, mentha oil for delivery in September fell Rs 8.60, or 0.92 per cent, to Rs 925.80 per kg in a business turnover of 448 lots.
Likewise, the oil for delivery in October weakened Rs 8.40, or 0.88 per cent, to Rs 938 per kg in 107 lots.
Analysts attributed the fall in mentha oil prices to weak demand from consuming industries in the physical market against higher supplies from Chandausi in Uttar Pradesh.
*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 14 2015 | 12:32 PM IST

Next Story