Mentha Oil Futures Dip On Subdued Physical Demand

Mentha oil futures were trading lower during morning trade in the domestic market on Monday as participants remained on the sidelines in the agri-commodity amid slide in physical demand for mentha oil from major consuming industries in the domestic spot market. 

Further, trimming of positions by traders in the spot market was due to fall in demand for mentha oil from consuming industries at the domestic spot market against sufficient stocks position on higher supplies from producing regions, influenced mentha oil prices at futures trade.

At the MCX, mentha oil futures for November 2016 contract is trading at Rs 940.10 per kg, down by 0.53 per cent after opening at Rs 938.10, against the previous closing price of Rs 945.10. It touched the intra-day low of Rs 932.70.

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