Mentha oil futures remains weak on profit booking

Mentha oil prices fell by 1.26 per cent to Rs 1,116.80 per kg in futures trade today as speculators engaged in booking profits, influenced by sluggish demand.

At the Multi Commodity Exchange, mentha oil for delivery in March fell by Rs 14.20, or 1.26 per cent, to Rs 1,116.80 per kg, with a business turnover of a single lot.  

Similarly, the oil for delivery in April declined by Rs 7.70, or 0.72 per cent, to Rs 1,057.30 per kg, with an open interest of one lot. 

Traders attributed the fall in mentha oil futures prices to continued profit booking by speculators in tandem with sluggish domestic and export demand.