 "Mentha oil down 0.4% on weak demand")
Mentha oil prices fell by 0.49% to Rs 828.90 per kg in futures trade today as traders reduced exposures, tracking a weak trend at spot market on sluggish industrial demand.
Besides, adequate stocks position in the physical market following higher arrivals from Chandousi in Uttar Pradesh also put pressure on mentha oil.
At the Multi Commodity Exchange, mentha oil for delivery in April fell Rs 4.10, or 0.49%, to Rs 828.90 per kg, with a business volume of 412 lots.
Market analysts said traders reduced their positions, 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 Chandousi in Uttar Pradesh also put pressure on mentha oil.
At the Multi Commodity Exchange, mentha oil for delivery in April fell Rs 4.10, or 0.49%, to Rs 828.90 per kg, with a business volume of 412 lots.
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Similarly, mentha oil prices for May delivery lost Rs 2.90, or 0.34%, to Rs 842 per kg, with a business turnover of 183 lots.
Market analysts said traders reduced their positions, triggered by sluggish industrial demand in the spot market mainly led to fall in mentha oil prices at futures market.
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