Mentha oil down more than 2% on profit-booking
Prices fell due to fall in spot market demand
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Mentha oil futures for March fell by Rs 22.90, or 2.04% to Rs 1,101.90 per kg in 1,105 lots.
At the Multi Commodity Exchange (MCX), the April contract declined by Rs 17.20, or 1.52% to Rs 1,112 per kg in 591 lots.
Prices fell as speculators booked profit at existing higher levels amid fall in spot market demand.
Adequate stocks in physical market following increased arrivals from Chandausi in Uttar Pradesh also put pressure on mentha oil.
At the Multi Commodity Exchange (MCX), the April contract declined by Rs 17.20, or 1.52% to Rs 1,112 per kg in 591 lots.
Prices fell as speculators booked profit at existing higher levels amid fall in spot market demand.
Adequate stocks in physical market following increased arrivals from Chandausi in Uttar Pradesh also put pressure on mentha oil.
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First Published: Mar 25 2013 | 2:04 PM IST