You are here: Home » Markets » Commodities » Other Commodities
Business Standard

Mentha oil down 1.2% on profit-booking

Oil prices for April delivery lost 1.18%

Press Trust of India  |  New Delhi 

Mentha oil prices fell 1.23% to Rs 856.80 per kg in futures trade today as traders indulged in profit-booking amid slackened spot demand.

Besides, increased arrivals of the commodity in the physical market from producing regions also put pressure on the prices.

At the Multi Commodity Exchange, mentha oil for delivery in May fell by Rs 10.70, or 1.23%, to Rs 856.80 per kg, with a business volume of 74 lots.

Similarly, mentha oil prices for April delivery lost Rs 10.10, or 1.18%, to Rs 845.80 per kg, with a business turnover of 301 lots.

The fall in mentha oil prices at futures trade was mostly due to profit-booking by speculators amid a weak trend at spot market on subdued demand, traders said.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, April 09 2014. 11:38 IST