Mentha oil prices fell by Rs 2.70 to Rs 722 per kg in futures market today, as speculators indulged in profit-booking amid fall in spot market demand.
Increased arrivals in the market from the producing belts in Uttar Pradesh also weighed on the prices.
At the Multi Commodity Exchange counter, mentha oil for August month fell by 2.70 or 0.37 per cent to Rs 722 per kg with an open interest of 2,469 lots.
The oil for delivery in current month July also weakened by Rs 1.90 or 0.27 per cent to Rs 697.50 per kg in 4,500 lots.
Market analysts said the fall in mentha oil prices was due to profit-taking by speculators and fall in demand at spot markets.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app