Business Standard

Sunday, January 12, 2025 | 08:02 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Muted demand drags down mentha oil futures 3.45 pc

Image

Press Trust of India New Delhi
Mentha oil prices tumbled 3.45 per cent to Rs 1,765.20 per kg in futures trade today as speculators trimmed positions, triggered by muted demand from consuming industries at the spot market.

Besides, ample stocks position on higher supplies from major producing belts of Chandausi in Uttar Pradesh fuelled the downtrend.

In futures trading at the Multi Commodity Exchange, mentha oil for delivery this month declined by Rs 63, or 3.45 per cent, to Rs 1,765.20 per kg, in a business turnover of 480 lots.

On similar lines, the oil for delivery in January traded lower by Rs 59, or 3.18 per cent, to Rs 1,794.10 per kg in 193 lots.
 

Analysts said offloading of positions by participants amid subdued demand from consuming industries in spot market, mainly led to the decline in mentha oil prices at 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: Dec 12 2017 | 11:30 AM IST

Explore News