Mentha oil declined 0.9% on profit-booking
Adequate stock position in the physical market on higher supplies from producing belts adds to pressure on prices
 "Mentha oil declined 0.9% on profit-booking")
Mentha oil prices fell by 0.9 per cent to Rs 893.80 per kg in futures trading today amid profit-booking by speculators at prevailing levels and subdued demand.
Further, adequate stock position in the physical market on higher supplies from producing belts put pressure on mentha oil prices.
At the Multi Commodity Exchange, mentha oil for delivery in April fell by Rs 8.10, or 0.90 per cent, to Rs 893.80 per kg in a business turnover of 537 lots.
Market analysts attributed the fall in mentha oil futures to profit-booking by speculators at existing higher levels and fall in demand from consuming industries in the spot market.
Further, adequate stock position in the physical market on higher supplies from producing belts put pressure on mentha oil prices.
At the Multi Commodity Exchange, mentha oil for delivery in April fell by Rs 8.10, or 0.90 per cent, to Rs 893.80 per kg in a business turnover of 537 lots.
Also Read
Similarly, the oil for delivery in May declined by Rs 6.70, or 0.74 per cent, to Rs 904.70 per kg in 134 lots.
Market analysts attributed the fall in mentha oil futures to profit-booking by speculators at existing higher levels and fall in demand from consuming industries in the spot market.