Mentha oil slips on muted spot demand
MCX Mentha oil was at Rs 1,258.60 per kg, down by Rs 3.40, or 0.27 per cent.
Commodity Summary MCX
Speculators avoided fresh positions in mentha oil futures due to muted demand from consuming industries at the spot market against higher supplies from key producing regions.
Around 11:55 am, MCX Mentha oil was at Rs 1,258.60 per kg, down by Rs 3.40, or 0.27 per cent.
Mentha oil is overall bearish as spot demand by consuming industries is weak amid adequate supplies from major producing areas.
Participants said while fundamentals for the commodity are still weak, speculative buying around lower may occur in the commodity.