Mentha Oil Trading Tad Lower

Mentha oil futures were trading flat during noon trade in the domestic market on Thursday as investors and speculators were cautious over booking fresh positions in the agri-commodity amid soft physical demand for mentha oil in the spot market.

Abundant supplies amid higher physical arrivals from the major mentha oil producing regions also kept pressure on domestic mentha oil prices.

At the MCX, mentha oil futures for November 2016 contract were trading at Rs 943.8 per kg, down by 0.07 per cent after opening at Rs 944.90, against the previous closing price of Rs 944.50. It touched the intra-day low of Rs 938.

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