Login ID:
Password:
Partner Login
Contact Us : 07666977977

Mentha Oil Futures End Flat; Spot Tad Up

6 Jan 2017 6:14 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

MUMBAI (Commoditiescontrol) - Mentha oil futures recovered from early losses to end in positive territory on Friday amid short covering at the lower level.

The benchmark January futures closed 1.3 percent, or Rs 13.30 higher at Rs 1,046/Kg on the Multi Commodity Exchange Ltd (MCX). The contract traded within range of Rs 1,033-60 to Rs 1,058.

Mentha oil in Sambhal traded tad up at Rs 1,110/kg today. Activity in the spot market was uncertain as buyers are hesitant due to volatility on futures. Supply and demand both are sluggish.

Slow supply was attributed to farmers reluctance to sell in cheque or online transfer as farmers mainly want to transact in cash.

According to trader from Barabanki "Demand for mentha oil is very poor and hence any rise is likely to attract selling in future."

(By Commoditiescontrol Bureau; +91-22-40015533)


       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Top | Post Comment  

Latest Market Commentary
Spot Guarseed/Guargum Down Second Day On Weak Cues
Mentha Oil Tad Up In Uttar Pradesh; Futures End Firm
Spot Mentha Oil Mostly Flat In Uttar Pradesh
Spot Guarseed/Guargum Weak In Rajasthan On Bearish Futu...
Spot Mentha Oil Declines On Lackluster Demand, Weak Fut...
more
Top 5 News
*DJ Evolution Mining Downgraded to Hold from Add by Mor...
*DJ Regis Resources Price Target Raised 7.1% to A$3.00/...
DJ Australia Wheat Weather - Apr 23
DJ Thailand Rubber Weather - Apr 23
DJ India/Sri Lanka Rubber Weather - Apr 23
Top 5 Special Reports
Indian Edible Oil Outlook Uncertain Next Week
Cotton Weekly: Mill Fixation Pushes ICE May To More Tha...
Weekly: Cumin, Chilli & Pepper Decline; But Coriander, ...
Indian Mustard Seed Market Likely To Trade Range Bound ...
Technical: Cotton Seed Kadi : Correction Movement In Pr...
Copyright © CC Commodity Info Services LLP. All rights reserved.