Friday 29 May 2015

MENTHA OIL DOWN BY 0.7% ON SUBDUED SPOT DEMAND

 Agri Commodity Tips ,  Commodity free tips  , Commodity intraday tips , MCX Tips Services Mentha oil prices were down by 0.74% to Rs 933.10 per kg in futures trade today as participants trimmed positions, tracking sluggish demand in the spot market.
At the MCX mentha oil for delivery in June declined Rs 7, or 0.74%, to Rs 933.10 per kg in business turnover of 135 lots.
Likewise, the oil for delivery in May contracts eased Rs 5.70, or 0.62%, to Rs 921 per kg in 7 lots.
Market analysts attributed the fall in mentha oil futures to offloading of positions by speculators due to subdued demand from consuming industries in the spot market.

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