Mentha oil futures down 0.14% on spot market

Mentha oil futures were trading lower during the late morning trade in the domestic market on Wednesday after a fall in demand for the commodity by consuming industries at spot markets. 

Speculators cut positions in mentha oil futures as demand from consuming industries slumped amid adequate supplies from key producing regions. 

At the MCX, mentha oil futures for August 2019 contract is trading at Rs 1272.30 per kg, down by 0.14 percent, after opening at Rs 1272.90, against a previous close of Rs 1274.10. It touched the intra-day low of Rs 1267.30.

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