Mentha oil futures prices down 0.87%

Mentha oil futures prices today moved down by Rs 10.20 to Rs 1,165.50 per kg.

Written by Agencies | New Delhi | Published: October 17, 2012 1:29 pm

Mentha oil futures prices today moved down by Rs 10.20 to Rs 1,165.50 per kg due to higher supplies following increased arrivals from producing regions against lower demand from pharmaceutical units.

Adequate stocks following higher supplies from producing region in the physical market also kept pressure mentha oil prices.

At the Multi Commodity Exchange,mentha oil for delivery in October declined by Rs 10.20,or 0.87 per cent,to Rs 1,165.50 per kg in business turnover of 601 lots.

Likewise,the oil for delivery in October traded lower by Rs 10.10,or 0.85 per cent,to Rs 1,181.20 per kg in 132 lots.

Market experts said sufficient stocks positions due to higher supplies in the physical market against subdued demand from pharmaceutical units,influenced mentha oil prices at futures market.

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