Menthaoil settled down -0.71% at 875.2 on profit booking after gaining on the account of strong demand of end users and stockiest in local mandies with the anticipation of weak production next year. Market sources suggested that strong demand is mainly on the account of possibility of poor sowing acreage in the next season as a weak price trend in the current year will divert the farmer's interest towards other crops. This will also instigate the fresh buying of long term investors from lower levels. Lack of strong demand however prevents rates from rising much in the short term though winter season demand has slowly started to set in.
Monday, November 11, 2013
Commodity Trading Tips for Menthaoil by KediaCommodity
Menthaoil settled down -0.71% at 875.2 on profit booking after gaining on the account of strong demand of end users and stockiest in local mandies with the anticipation of weak production next year. Market sources suggested that strong demand is mainly on the account of possibility of poor sowing acreage in the next season as a weak price trend in the current year will divert the farmer's interest towards other crops. This will also instigate the fresh buying of long term investors from lower levels. Lack of strong demand however prevents rates from rising much in the short term though winter season demand has slowly started to set in.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment