Agro Outlook
Continuing its losing streak for the fourth-straight session, mentha oil prices fell by another 0.43 per cent to Rs 816.30 per kg in futures trade today as speculators indulged in offloading positions amid higher supplies from producing regions at spot markets.
At the Multi Commodity Exchange, mentha oil for delivery in June declined by Rs 3.50, or 0.43 per cent to Rs 816.30 per kg in business turnover of 295 lots.
Similarly, the oil for delivery in July contract shed Rs 2.90, or 0.35 per cent to Rs 828.70 per kg in 86 lots.
Analysts said offloading of positions by speculators, triggered by higher supplies from Chandausi in Uttar Pradesh against weak demand in the spot market mainly kept pressure on mentha oil prices at futures trade.
DAILY BUZZ
MENTHA OILContinuing its losing streak for the fourth-straight session, mentha oil prices fell by another 0.43 per cent to Rs 816.30 per kg in futures trade today as speculators indulged in offloading positions amid higher supplies from producing regions at spot markets.
At the Multi Commodity Exchange, mentha oil for delivery in June declined by Rs 3.50, or 0.43 per cent to Rs 816.30 per kg in business turnover of 295 lots.
Similarly, the oil for delivery in July contract shed Rs 2.90, or 0.35 per cent to Rs 828.70 per kg in 86 lots.
Analysts said offloading of positions by speculators, triggered by higher supplies from Chandausi in Uttar Pradesh against weak demand in the spot market mainly kept pressure on mentha oil prices at futures trade.
Research
Via
is a leading financial advisory provides free
tips on Indian share market like equity
tips,
stock
tips,
stock
options tips,
bullions
tips,
agro
tips,
commodity
tips,
nifty
tips,
base
metals & energy tips,
comex
tips,
international
forex tips,
domestic
forex tips,
agri
tips,
commodity
(mcx& ncdex) tips.
No comments:
Post a Comment