Mentha oil falls almost 3% on low demand
Prices were affected as speculators reduced their positions
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Mentha oil futures for March fell Rs 35.10, or 2.96%, to Rs 1,150 per kg in 488 lots.
At the Multi Commodity Exchange (MCX), the April contract traded Rs 29.90, or 2.51% lower at Rs 1,159.10 per kg , in 234 lots.
Mentha oil extended losses for the third straight day.
Prices were affected as speculators reduced their positions.
Increased arrivals in the physical market from major producing belts in Uttar Pradesh triggered the downtrend.
Besides, profit-booking also put pressure on the prices.
At the Multi Commodity Exchange (MCX), the April contract traded Rs 29.90, or 2.51% lower at Rs 1,159.10 per kg , in 234 lots.
Mentha oil extended losses for the third straight day.
Prices were affected as speculators reduced their positions.
Increased arrivals in the physical market from major producing belts in Uttar Pradesh triggered the downtrend.
Besides, profit-booking also put pressure on the prices.
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First Published: Mar 18 2013 | 2:45 PM IST