Wednesday, March 05, 2025 | 10:08 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Mentha oil futures drop 1.61 pc on ample stocks

Image

Press Trust of India New Delhi
Mentha oil futures fell 1.61 per cent to Rs 1,270.20 per kg today as speculators trimmed positions, driven by subdued demand from consuming industries at the spot market.

Further, ample stock position on higher supplies from Chandausi in Uttar Pradesh, influenced prices.

At the Multi Commodity Exchange, mentha oil for delivery in March declined by Rs 20.90, or 1.61 per cent, to Rs 1,270.20 per kg in a business turnover of 275 lots.

Likewise, the oil for delivery in the current month traded lower by Rs 20.30, or 1.58 per cent, to trade at Rs 1,259.20 per kg in 17 lots.
 

Analysts said, offloading of positions by participants owing to slackened demand from consuming industries at spot market against ample stocks position on increased supplies from Chandausi in Uttar Pradesh led to the decline in mentha oil prices in futures trade.

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 28 2018 | 11:55 AM IST

Explore News