Mentha oil falls 0.49% on profit-booking

Mentha oil prices fell by Rs 5.90 to Rs 1,183.50 per kg in futures trade today as speculators booked profits at prevailing higher levels amid a weak demand in the spot market.

Adequate stocks in the spot market following increased arrivals from Chandousi in Uttar Pradesh also put pressure on mentha oil prices.

At the Multi Commodity Exchange, the November contract for mentha oil fell by Rs 5.90, or 0.49%, to Rs 1,183.50 per kg, with a business turnover of Rs 535 lots.

The December contract declined by Rs 5.80, or 0.48%, to Rs 1,197 per kg, with a business turnover of 122 lots.

Marketmen attributed the fall in mentha oil futures to profit-booking by speculators and a weak industrial demand in the spot market.