Sunday 22 March 2015

MCX MENTHA OIL FALLS BUY 0.5% ON PROFIT-BOOKING

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Mentha oil prices declined by 0.50% to Rs 798.50 per kg in futures trading today as speculators booked profits at prevailing higher levels amidst sluggish demand from consuming industries in the spot market. Menthaoil trading range for the day is 788.1-812.9. Menthaoil spot is at 908/-. Spot market is up by Rs.3/-.
Besides, adequate stock position in the physical market on increased supplies from producing belts put pressure on mentha oil prices.
At the MCX mentha oil for delivery in March eased by Rs 4, or 0.50%, to Rs 798.50 per kg in a business turnover of 317 lots.
the oil for delivery in April shed Rs 3.20, or 0.39% to Rs 809.50 per kg in 277 lots.
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