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Mentha oil futures extend weakness on muted demand

Press Trust of India  |  New Delhi 

Continuing its slide, mentha prices fell further by 1.25 per cent in futures trade Friday as speculators reduced their holdings amid low demand from industries at the spot market.

Moreover, ample stocks position on persistent supplies from growing regions too weighed on mentha prices.

At the Multi Commodity Exchange, mentha for delivery in November month traded lower by Rs 22, or 1.25 per cent, to Rs 1,732.90 per kg, in a business turnover of 440 lots.

Marketmen attributed continuous fall in mentha at futures trade to reducing of holdings by participants, tracking subdued demand at the spot markets.

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

First Published: Fri, October 12 2018. 11:35 IST
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