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Mentha oil futures drop 2.68 pc on subdued demand

Press Trust of India  |  New Delhi 

futures fell 2.68 per cent to Rs 1,185.70 per kg today as speculators trimmed their positions, driven by subdued demand from consuming industries at the spot markets.

Besides, adequate stocks position on higher supplies from producing belt of Chandausi in fuelled the down trend.

At the Multi Commodity Exchange, for delivery in the current month declined by Rs 32.70, or 2.68 per cent, to Rs 1,185.70 per kg, in a business turnover of 604 lots.

Likewise, the for delivery in July traded lower by Rs 31.30, or 2.54 per cent, at Rs 1,200 per kg, in 198 lots.

Analysts said, off-loading of positions by participants owing to slackened demand from consuming industries at the spot market against sufficient stocks position on increased supplies from Chandausi in led to the decline in in futures trade.

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

First Published: Mon, June 11 2018. 12:50 IST
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