Mentha oil sheds almost 2% on profit-booking

Traders offload positions on subdued demand in spot market

Press Trust of India New Delhi
Last Updated : May 15 2014 | 2:33 PM IST
Mentha oil prices fell by Rs 15.70 to Rs 862 per kg in futures trade today as speculators indulged in profit-booking amid subdued spot demand.

At the Multi Commodity Exchange, mentha oil for delivery in May fell by Rs 15.70, or 1.78 per cent, to Rs 862 per kg, with a business volume of 433 lots.

Mentha oil for June delivery fell by Rs 15.20, or 1.70 per cent, to Rs 874.10 per kg, with a business turnover of 116 lots.

Marketmen said apart from profit-booking, subdued demand in the spot markets put pressure on mentha oil prices in futures trade here.

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First Published: May 15 2014 | 2:18 PM IST

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