Mentha Oil Futures Drop 0.46% On Sluggish Demand

Mentha oil futures were trading lower during the morning trade in the domestic market on Monday as participants cut down their bets in the agri-commodity amid sluggish physical demand from major consuming industries for mentha oil in the domestic spot market. Further, fall in demand for mentha oil futures was attributed to trimming of positions by traders in the spot market, influenced prices of mentha oil at futures trade. At the MCX, mentha oil futures for August 2016 contract were trading at Rs 883 per kg, down by 0.46 per cent after opening at Rs 887.80, against the previous closing price of Rs 887.10. It touched the intra-day low of Rs 881

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