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Muted demand drags down mentha oil futures by 0.55%

Press Trust of India  |  New Delhi 

Mentha prices were trading lower by 0.55 per cent to Rs 1,138 per kg in futures trade today as speculators trimmed positions, driven by a sluggish demand from consuming industries at the spot market.

At the Multi Commodity Exchange, mentha for delivery this month declined by Rs 6.40, or 0.55 per cent, to Rs 1,138 per kg in a business turnover of 210 lots.

Similarly, the for delivery in July contract traded lower by Rs 5.80, or 0.50 per cent, to Rs 1,150.20 per kg in 88 lots.

Analysts said offloading of positions by participants on the back of subdued demand from consuming industries at the spot market against ample stocks position on higher supplies from Chandausi in led to the decline in mentha

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

First Published: Thu, June 14 2018. 11:50 IST
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