 "Mentha oil falls by 0.6% on muted demand")
Mentha oil extended its weakness and fell further by 0.63% to Rs 872.40 per kg in futures trading today as traders reduced their positions, driven by low demand from consuming industries in the spot market.
Besides, adequate stocks position in the physical market on higher supplies from producing belts put pressure on mentha oil.
At the Multi Commodity Exchange market, mentha oil for delivery in January fell by Rs 5.50, or 0.63%, to Rs 872.40 per kg, in a business turnover of 127 lots.
Analysts said offloading of positions by participants amid easing demand from consuming industries in the spot markets mainly influenced mentha oil prices at futures trade.
Besides, adequate stocks position in the physical market on higher supplies from producing belts put pressure on mentha oil.
At the Multi Commodity Exchange market, mentha oil for delivery in January fell by Rs 5.50, or 0.63%, to Rs 872.40 per kg, in a business turnover of 127 lots.
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On similar lines, the oil for delivery in February shed Rs 5, or 0.56%, to Rs 884.70 per kg in 22 lots.
Analysts said offloading of positions by participants amid easing demand from consuming industries in the spot markets mainly influenced mentha oil prices at futures trade.