Mentha oil prices edged up with nominal gains in futures trade on Wednesday.
Around 11 am, MCX Mentha oil was at Rs 1,469 per kg, up by Rs 2, or 0.14 per cent.
Muted demand from consuming industriesNSE 1.43 % at the spot market and adequate stocks on higher supplies from the major producing regions weighed on the prices.
"Mentha (April) has taken a hit in the last few days as prices continue to decline amid abundant supply in the spot market and expectations of a rise in production," said Mustafa Nadeem, CEO, Epic Research.
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Muted demand from consuming industriesNSE 1.43 % at the spot market and adequate stocks on higher supplies from the major producing regions weighed on the prices.
"Mentha (April) has taken a hit in the last few days as prices continue to decline amid abundant supply in the spot market and expectations of a rise in production," said Mustafa Nadeem, CEO, Epic Research.
Know more @ StarIndia Market research
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