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Muted demand drags down mentha oil futures by 0.57%

Press Trust of India  |  New Delhi 

Mentha prices softened by 0.57 per cent to Rs 1,404.60 per kg in futures trade today as speculators trimmed positions, driven by tepid demand from consuming industries at the spot market.

At the Multi Commodity Exchange, mentha for delivery in April declined by Rs 8, or 0.57 per cent to Rs 1,404.60 per kg in business turnover of 314 lots.

On similar lines, the for delivery in 1.40, or 0.11 per cent to Rs 1,289.90 per kg in 75 lots.

Analysts said offloading of positions by participants on the back of sluggish demand from consuming industries in spot market against adequate stocks position, mainly weighed on mentha at futures trade.

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

First Published: Wed, April 11 2018. 12:00 IST