FREE MCX TIPS: Mentha Oil futures fell during noon trade in the domestic market on Thursday as investors and speculators resorted to profit-booking in the agri-commodity amidst tepid physical demand from the major consuming industries for Mentha Oil in the domestic spot market.
More than adequate supplies in the market amidst higher arrivals from the major Mentha Oil producing region in Uttar Pradesh also exerted downward pressure on Mentha Oil prices in the domestic market.
At the MCX, Mentha Oil futures, for the January 2016 contract, is trading at Rs 886 per kg, down by 0.66 per cent, after opening at Rs 891.4, against a previous close of Rs 891.9. It touched an intra-day low of Rs 885.1 (At 13:13 PM).
More than adequate supplies in the market amidst higher arrivals from the major Mentha Oil producing region in Uttar Pradesh also exerted downward pressure on Mentha Oil prices in the domestic market.
At the MCX, Mentha Oil futures, for the January 2016 contract, is trading at Rs 886 per kg, down by 0.66 per cent, after opening at Rs 891.4, against a previous close of Rs 891.9. It touched an intra-day low of Rs 885.1 (At 13:13 PM).
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