Mentha Oil Futures Fall On Muted Demand

Published date: .

Speculators trimmed positions in mentha futures, triggered by muted demand from consuming industries.

ETMarkets.com|

Mar 14, 2019, 12.34 PM IST

Mentha-2---Getty
As per brokerage SMC Global Securities, profit booking from higher levels is possible as the counter is in the overbought zone.

NEW DELHI:

Mentha oil prices

fell in the domestic futures market on Thursday on lower demand coupled with adequate arrival from producing regions.

Around 11:25 am, MCX Mentha oil was at Rs 1,677.80 per kg, lower by Rs 7.10, or 0.42 per cent.

Speculators trimmed positions in mentha futures, triggered by muted demand from consuming industries at the spot market and adequate stocks on higher supplies from the major producing regions.

As per brokerage SMC Global Securities, profit booking from higher levels is possible as the counter is in the overbought zone.



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