Mentha oil trades flat on lower demand

Mentha oil appeared lacklustre in the domestic futures market in Thursday’s session as speculators trimmed positions, triggered by muted demand from consuming industries at the spot market.

Around 11:50 am, the MCX Mentha oil traded almost flat at Rs 1,616 per kg.

“The commodity may see a lower correction towards Rs 1,575-1,560, while trading below Rs 1,650,” Geojit Financial Services said in a report.

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