Subdued physical demand bites mentha oil

Subdued physical demand bites mentha oil

16/06/2017 17:17

Mentha oil futures were trading lower during evening trade in the domestic market on Friday as investors and speculators exited their positions in the agri-commodity amid decline in physical demand for mentha oil from major consuming industries in the domestic spot market.

Further, trimming of positions by traders in the spot market was due to a fall in physical demand for mentha oil from consuming industries at the domestic spot market against sufficient stocks position on higher supplies from producing regions, influenced mentha oil prices at futures trade.

At the MCX, mentha oil futures for June 2017 contract is trading at Rs 923.40 per kg, down by 0.46 per cent, after opening at Rs 935.70, against a previous close of Rs 927.70. It touched the intra-day low of Rs 921.20 (at 17:18 hours).

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