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Mentha oil futures down 2.97 pc on subdued demand

Press Trust of India  |  New Delhi 

Mentha prices went down by 2.97 per cent to Rs 1,135 per in futures trade today, as speculators trimmed positions, driven by subdued demand from consuming industries at spot market.

Besides, ample stocks position on higher supplies from producing belts of Chandausi in Uttar Pradesh, fuelled the downtrend.

At the Multi Commodity Exchange, mentha for delivery in June declined by Rs 34.70, or 2.97 per cent, to Rs 1,135 per kg in a business turnover of 462 lots.

Likewise, the for delivery in July traded lower by Rs 34.10, or 2.88 per cent, at Rs 1,148 per kg in 174 lots.

Analysts said, offloading of positions by participants owing to slackened demand from consuming industries at the spot market against ample stocks position led to the decline in mentha in futures trade.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, June 12 2018. 11:30 IST