Mentha oil futures were trading lower during the morning trade in the domestic market on Tuesday as investors and speculators cut down their positions in the agri-commodity amid muted physical demand for mentha oil from major consuming industries in the domestic spot market. Further, exiting of bets by traders in the spot market was due to a fall in physical demand for mentha oil from consuming industries at the domestic spot market against sufficient stocks position on higher supplies from producing regions.
At the MCX, mentha oil futures for January 2018 contract was trading at Rs 1583 per kg, down by 0.75 per cent, after opening at Rs 1580.60, against the previous closing price of Rs 1595. It touched the intra-day low of Rs 1570.
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Mentha oil prices up by 1.34% because of increasing in demand from consuming industries in the domestic spot market. Mentha oil for delivery January month increased to Rs 21.20 (1.34%) to Rs 1,603 per kg, of business volume of 233 lots.
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