Mentha oil down by 0.6% on profit-booking

Amid profit-booking by speculators and weak domestic demand, mentha oil prices today fell by 0.63% to Rs 872 per kg.

 

At the Multi Commodity Exchange, mentha oil prices for delivery in July traded lower by Rs 5.50, or 0.63%, to Rs 872 per kg in business turnover of 916 lots.

 

Likewise, the oil prices for delivery in August shed Rs 5.50, or 0.62%, to Rs 889.50 per kg in 476 lots.

 

Market analysts attributed the fall in mentha oil futures to profit-booking by speculators, subdued demand in the spot market against adequate stocks position.