NEW DELHI: Mentha oil suffered losses in futures trade on Friday after a fall in demand by consuming industries at spot markets.
Speculators trimmed positions in mentha oil futures due to a fall in demand from consuming industries at the spot market against adequate supplies from key producing regions.
Around 11:40 am, MCXNSE -1.10 % Mentha oil was at Rs 1269.90 per kg, down by Rs 31.60, or 2.43 per cent.
Market participants said a slump in demand at the spot market amid ample supply and higher production estimates have hit the sentiment for mentha oil prices.
Speculators trimmed positions in mentha oil futures due to a fall in demand from consuming industries at the spot market against adequate supplies from key producing regions.
Around 11:40 am, MCXNSE -1.10 % Mentha oil was at Rs 1269.90 per kg, down by Rs 31.60, or 2.43 per cent.
Market participants said a slump in demand at the spot market amid ample supply and higher production estimates have hit the sentiment for mentha oil prices.
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