 "Mentha oil down 0.19% on sluggish demand")
Mentha oil prices moved down by 0.19 per cent to Rs 673.70 per kg in futures market today as speculators reduced positions amid sluggish demand from consuming industries in the spot market.
Besides, adequate stocks position in the physical market on increased arrivals from Chandausi in Uttar Pradesh put pressure on mentha oil.
At the Multi Commodity Exchange, mentha oil for delivery in October declined by Rs 1.30, or 0.19 per cent, to Rs 673.70 per kg in a business turnover of 43 lots.
Analysts said off-loading of positions by speculators on the back of subdued demand from consuming industries influenced mentha oil prices at futures trade.
Besides, adequate stocks position in the physical market on increased arrivals from Chandausi in Uttar Pradesh put pressure on mentha oil.
At the Multi Commodity Exchange, mentha oil for delivery in October declined by Rs 1.30, or 0.19 per cent, to Rs 673.70 per kg in a business turnover of 43 lots.
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The September contract edged lower by Rs 1.10, or 0.17 per cent, to Rs 663.50 per kg in 225 lots.
Analysts said off-loading of positions by speculators on the back of subdued demand from consuming industries influenced mentha oil prices at futures trade.