Muted physical demand bites mentha oil
21/02/2017 10:44
Mentha oil futures were trading lower during morning trade in the domestic market on Tuesday as investors and speculators cut down their bets in the agri-commodity amid muted 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 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 February 2017 contract is trading at Rs 1017.70 per kg, down by 0.36 per cent, after opening at Rs 1021.40, against the previous closing price of Rs 1021.40. It touched the intra-day low of Rs 1017 (at 10:46 hours).
21/02/2017 10:44
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Mentha oil futures were trading lower during morning trade in the domestic market on Tuesday as investors and speculators cut down their bets in the agri-commodity amid muted 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 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 February 2017 contract is trading at Rs 1017.70 per kg, down by 0.36 per cent, after opening at Rs 1021.40, against the previous closing price of Rs 1021.40. It touched the intra-day low of Rs 1017 (at 10:46 hours).
