Rudra Investment Best Commodity Tips
Provider says Mentha oil prices have seen a massive drop in prices In the
initial trading on Wednesday, the prices of mentha oil dropped by 4 percent to
Rs 1,590 per kilogram.
Mentha Oil's price for the
November delivery at the Multi Commodity Exchange (MCX) at the opening of the
morning (Rs 10.15 a.m.) came down to Rs 1,590 per kilo, down from Rs 62, or 4
per cent (lower circuit). During this, the trading volumes were seen in 84
lots. Similarly, in December delivery of mentha oil dropped by Rs 50.10 or more
than 3 per cent to Rs 1,606 per kilogram.
Experts from the Best Commodity Tips
Provider say that profit-booking in Mentha Oil at the upper level has
reduced its sentiment. Apart from this, due to lack of demand from the
companies that use it and the increase in supply in the spot market, there is
pressure on prices. The supply of mentha oil in Chandausi, Uttar Pradesh's
major producing area of mentha oil, has increased.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.