DAILY BUZZ
MENTHA
OIL
Mentha
oil prices fell further by 0.25 per cent to Rs 767.10 per kg in
futures trading today after participants reduced exposures amidst
sluggish demand in the spot market.
At
the Multi Commodity Exchange, mentha oil for delivery in June eased
by Rs 1.90, or 0.25 per cent, to Rs 767.10 per kg in business
turnover of 501 lots.
Likewise,
the oil for delivery in July contract shed Rs 1.60, or 0.20 per cent,
to Rs 780.50 per kg in 296 lots.
Analysts said apart from
weak trend at spot market on sluggish demand from consuming
industries adequate stocks position on increased arrivals from
Chandausi in Uttar Pradesh mainly influenced mentha oil prices in
futures trade.
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Mentha oil ended with losses due to lower demand from consuming industries in the spot market.
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