Mentha oil down 0.34% on increased arrivals

Subdued demand, adequate stocks influence prices

Mentha oil prices fell by Rs 4.50 to Rs 1,048.70 per kg in futures trade today after speculators trimmed their positions amid higher stocks in the physical market due to increased arrivals from producing regions.

At the Multi Commodity Exchange, mentha oil for delivery in September fell by Rs 4.50, or 0.34%, to Rs 1,337 per kg, with a business turnover of 642 lots.

The August contract lost Rs 4.30, or 0.33%, to Rs 1,316 per kg in 317 lots.

Marketmen said adequate supplies due to increased arrivals from Chandousi in Uttar Pradesh against subdued demand kept pressure on mentha oil prices at futures trade.