Mentha oil futures slip on muted demand

NEW DELHI: Mentha oil prices slipped in the domestic futures market on Wednesday on lower demand coupled with adequate arrival from producing regions.

Around 12:30 pm, MCX Mentha oil was at Rs 1,676.80 per kg, down by Rs 4.60, or 0.27 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.


As per brokerage Geojit Financial Services, mentha oil may trade sideways to weak in the futures trade for the session, with supports at Rs 1,595-1,570.