Mentha oil sheds almost 2% on profit-booking

Traders offload positions on subdued demand in spot market

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.