Mentha oil futures were flat during morning trade in the domestic market on Thursday as investors and speculators remained on the sidelines in the agri-commodity amid muted 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 sluggish physical demand for mentha oil from consuming industries at the domestic spot market against sufficient stocks position on significant supplies from producing regions, influenced mentha oil prices at futures trade.
At the MCX, mentha oil futures for December 2016 contract is trading flat at Rs 1,006.80 per kg after opening at Rs 1,006, against the previous closing price of Rs 1,006.80. It touched the intra-day low of Rs 1,004 .
Further, trimming of positions by traders in the spot market was due to sluggish physical demand for mentha oil from consuming industries at the domestic spot market against sufficient stocks position on significant supplies from producing regions, influenced mentha oil prices at futures trade.
At the MCX, mentha oil futures for December 2016 contract is trading flat at Rs 1,006.80 per kg after opening at Rs 1,006, against the previous closing price of Rs 1,006.80. It touched the intra-day low of Rs 1,004 .
Read More -Mentha OIL Updates
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