Mentha oil future rangebound on muted demand

NEW DELHI: Mentha oil price traded in a range in the domestic futures market on Friday amid adequate supply and limited offtake at the spot market.

Around 11:40 am, MCX Mentha oil was at Rs 1,516 per kg, up by Rs 2.90, or 0.19 per cent.

Speculators trimmed positions in mentha futures, triggered by muted demand from consuming industries at the spot market and adequate stocks on higher supplies from the major producing regions.


Bullion counter was shining in futures trade, with MCX Gold trading Rs 58 higher at that time.