Mentha oil futures were trading lower during the morning trade in the domestic market on Monday as participants indulged in offloading their positions in the agri-commodity amid fall in physical demand from major consuming industries for mentha oil in the domestic spot market.
Further, a drop in demand for mentha oil futures was attributed to cut down of bets by traders in the spot market, influenced prices of mentha oil at futures trade.
At the MCX, mentha oil futures for September 2016 contract were trading at Rs 889.10 per kg, down by 1.01 per cent after opening at Rs 895, against the previous closing price of Rs 898.20. It touched the intra-day low of Rs 888.80.
Further, a drop in demand for mentha oil futures was attributed to cut down of bets by traders in the spot market, influenced prices of mentha oil at futures trade.
At the MCX, mentha oil futures for September 2016 contract were trading at Rs 889.10 per kg, down by 1.01 per cent after opening at Rs 895, against the previous closing price of Rs 898.20. It touched the intra-day low of Rs 888.80.
Read More - Mentha Oil Updates
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