 "Mentha oil fall by 1.7% on sluggish demand")
Mentha oil prices fell 1.67% to Rs 1,072.20 per kg in futures trade today as speculators trimmed their positions amid sluggish demand from consuming industries in the spot market.
Besides, adequate stocks in the physical market following increased arrivals from producing regions put pressure on mentha oil prices.
At the Multi Commodity Exchange, mentha oil for delivery in June fell Rs 18.30, or 1.67% to Rs 1,072.20 per kg in business turnover of 460 lots.
Analysts said speculators reduced positions due to sluggish demand from consuming industries in the spot market against increased arrivals from Chandausi in Uttar Pradesh mainly pulled down mentha oil prices at futures trade.
Besides, adequate stocks in the physical market following increased arrivals from producing regions put pressure on mentha oil prices.
At the Multi Commodity Exchange, mentha oil for delivery in June fell Rs 18.30, or 1.67% to Rs 1,072.20 per kg in business turnover of 460 lots.
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Similarly, the oil for delivery in July declined by Rs 17.90, or 1.60% to Rs 1,094 per kg in 273 lots.
Analysts said speculators reduced positions due to sluggish demand from consuming industries in the spot market against increased arrivals from Chandausi in Uttar Pradesh mainly pulled down mentha oil prices at futures trade.