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Mentha oil futures drop 0.45% on ample stocks

Press Trust of India  |  New Delhi 

Mentha futures fell 0.45 per cent to Rs 1,233.90 per kg today as speculators trimmed their positions, driven by sluggish industrial demand at the spot market.

Ample stocks position on higher supplies from Chandausi in too weighed on mentha prices.

At the Multi Commodity Exchange, mentha for delivery this month contract declined by Rs 5.60, or 0.45 per cent, to Rs 1,233.90 per kg in a business turnover of 446 lots.

Likewise, the oil for delivery in April contract traded lower by Rs 2.70, or 0.22 per cent, to Rs 1,223.50 per kg in 82 lots.

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

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

First Published: Fri, March 09 2018. 12:55 IST