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Mentha oil futures slip 2.04 pc on profit-booking

Press Trust of India  |  New Delhi 

Mentha prices drifted lower by 2.04 per cent to Rs 1,158 per kg in futures market today as speculators booked profits, driven by fading demand from consuming industries at the spot markets.

Ample stocks position on higher supplies from producing regions also fuelled the downtrend.


At the Multi Commodity Exchange, mentha for delivery in September month fell by Rs 24.10, or 2.04 per cent, to Rs 1,158 per kg in business turnover of 97 lots.

On similar lines, the for delivery in August month contracts traded lower by Rs 22.70, or 1.94 per cent to Rs 1,147 per kg in 529 lots.

Marketmen said besides profit-booking by participants, decline in demand from consuming industries at existing levels in spot market and ample stocks position on higher supplies from Chandausi in pulled down mentha prices in futures trade.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, August 07 2017. 11:07 IST
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